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U.S.-listed Chinese companies traded higher amid market rally
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  • //english.dbw.cn  2018-05-22 09:09:10
     

    U.S.-listed Chinese companies traded mostly higher on Monday, with six of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a upbeat note.

    Shares of TAL Education Group rallied 2.72 percent to close at 42.60 U.S. dollars apiece, the biggest advancer among the 10 stocks. Meanwhile, stocks of Chinese technology company NetEase, Inc., the biggest laggard, lost 5.17 percent in market closing.

    Shares of Chinese e-commerce giant Alibaba added 1.35 percent to close at 197.64 U.S. dollars apiece on Monday.

    As of Friday, the S&P U.S. Listed China 50 index stood at 3,142.84, marking a 2.65-percent increase for the month-to-date returns and a 1.68-percent gain for the year-to-date returns.

    U.S. stocks closed higher on Monday as easing U.S.-China trade tensions fueled optimism in the market.

    The Dow rose 1.21 percent to 25,013.29, and the S&P 500 rose 0.74 percent to 2,733.01, while the Nasdaq increased 0.54 percent to 7,394.04.

    Author:    Source:xinhua    Editor:Yang Fan

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