US-listed Chinese firms trade mostly higher
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E-mail Xinhua, February 26, 2022
U.S.-listed Chinese companies traded mostly higher on Friday with six 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 NetEase and Yum China Holdings climbed 7.46 percent and 2.76 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of Bilibili and NIO dipped 2.09 percent and 1.32 percent, respectively, leading the laggards in the top 10 stocks.
U.S. stocks surged on Friday with the Dow logging its best day in over a year, as Wall Street closely followed updates on the Russia-Ukraine tensions.
The Dow Jones Industrial Average jumped 834.92 points, or 2.51 percent, to 34,058.75. The S&P 500 rose 95.95 points, or 2.24 percent, to 4,384.65. The Nasdaq Composite Index increased 221.03 points, or 1.64 percent, to 13,694.62.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, declined 9 percent to 27.59.
As of Thursday, 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 2,665.75, marking a 7.11-percent slide for the month-to-date returns and a 10.5-percent loss for the year-to-date returns.
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