U.S.-listed Chinese firms trade mostly higher
NEW YORK, March 17 — U.S.-listed Chinese companies traded mostly higher on Friday, with 6 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 Ctrip.com and Shares of BeiGene surged 3.12 percent and 1.03 percent respectively, leading the advancers in the top 10 stocks of the index, while shares of New Oriental Education & Technology Group Inc. lost 3.50 percent as the biggest laggard among the 10 stocks.
Meanwhile, shares of JD.com and Alibaba, two Chinese e-commerce giants listed in the United States, gained 0.07 percent and 0.61 percent respectively on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 3,334.65, marking a 2.64-percent gain for the month-to-date returns and a 7.88-percent increase for the year-to-date returns.
U.S. stocks ended higher on Friday as investors meditated on a batch of generally positive economic reports.
At the close, the Dow Jones Industrial Average rose 72.85 points, or 0.29 percent, to 24,946.51. The S&P 500 increased 4.68 points, or 0.17 percent, to 2,752.01. The Nasdaq Composite Index edged up 0.25 point, or less than 0.01 percent, to 7,481.99.