U.S.-listed Chinese firms trade higher-Xinhua

U.S.-listed Chinese firms trade higher

Source: Xinhua

Editor: huaxia

2022-11-11 05:51:16

NEW YORK, Nov. 10 (Xinhua) -- U.S.-listed Chinese companies traded higher on Thursday with all 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 NIO and Trip.com Group popped 11.78 percent and 10 percent, respectively, leading the advance in the top 10 stocks.

Shares of JD.com and Baidu added 8.41 percent and 8.34 percent, respectively, also among the best performers.

Wall Street's major indexes soared on Thursday after data showing signs of inflation improvement in October U.S. consumer price index.

The Dow Jones Industrial Average spiked 1,201.43 points, or 3.70 percent, to 33,715.37. The S&P 500 increased 207.80 points, or 5.54 percent, to 3,956.37. The Nasdaq Composite Index surged 760.98 points, or 7.35 percent, to 11,114.15.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 9.81 percent to 23.53.

As of Wednesday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 2,010.64, marking a 7.01-percent gain for the month-to-date returns and a 32.49-percent loss for the year-to-date returns.