U.S.-listed Chinese firms trade roughly flat

Source: Xinhua| 2020-04-18 05:09:08|Editor: huaxia

NEW YORK, April 17 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Friday, with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Yum China Holdings and TAL Education Group rose 4.13 percent and 2.83 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NetEase and JD.com slid 3.75 percent and 2.84 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks rallied Friday on the White House's plan to reopen the economy.

The Dow Jones Industrial Average jumped 704.81 points, or 2.99 percent, to 24,242.49. The S&P 500 rose 75.01 points, or 2.68 percent, to 2,874.56. The Nasdaq Composite Index advanced 117.78 points, or 1.38 percent, to 8,650.14.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 4.89 percent to 38.15 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,229.35, marking a 7.92-percent increase for the month-to-date returns and a 1.96-percent gain for the year-to-date returns. Enditem

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