U.S.-listed Chinese firms trade mostly higher

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NEW YORK, May 31 (Xinhua) — U.S.-listed Chinese corporations traded mostly higher on Tuesday with 9 of the highest 10 shares by weight within the S&P U.S. Listed China 50 index ending the day on an upbeat word.

Shares of Bilibili and Yum China Holdings climbed 5.18 p.c and 5.16 p.c, respectively, main the gainers within the prime 10 shares within the index.

Shares of NetEase slipped 0.26 p.c, the lone decliner within the prime 10 shares.

Wall Street’s main averages dropped on Tuesday, dragged by weak spot in power and supplies shares.

The Dow Jones Industrial Average fell 222.84 factors, or 0.67 p.c, to 32,990.12. The S&P 500 decreased 26.09 factors, or 0.63 p.c, to 4,132.15. The Nasdaq Composite Index misplaced 49.74 factors, or 0.41 p.c, to 12,081.39.

The Cboe Volatility Index, broadly thought of as the most effective concern gauge within the inventory market, rose 1.83 p.c to 26.19.

U.S. monetary markets had been closed on Monday in observance of the Memorial Day.

As of Friday, the S&P U.S. Listed China 50 index, which is designed to trace the efficiency of the 50 largest Chinese corporations listed on U.S. exchanges by whole market cap, stood at 2,390.13, marking a 1.53-percent achieve for the month-to-date returns and a 19.75-percent loss for the year-to-date returns.



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