U.S.-listed Chinese firms trade mostly lower

Source: Xinhua| 2018-04-13 05:05:39|Editor: pengying

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U.S.-NEW YORK-STOCKS

Traders work at the New York Stock Exchange in New York, the United States, on April 12, 2018. U.S. stocks closed higher on Thursday. The Dow Jones Industrial Average gained 293.60 points, or 1.21 percent, to 24,483.05. The S&P 500 rose 21.80 points, or 0.83 percent, to 2,663.99. The Nasdaq Composite Index was up 71.22 points, or 1.01 percent, to 7,140.25. (Xinhua/Li Rui)

NEW YORK, April 12 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday, with six of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of TAL Education Group and shares of Baidu climbed 1.80 percent and 0.74 percent, respectively, leading the advancers in the top 10 stocks of the index, while shares of NetEase, Inc. lost 2.10 percent as the biggest laggard among the 10 stocks.

Meanwhile, shares of Chinese e-commerce giants Alibaba and JD.com added 0.32 percent and 0.35 percent, respectively.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,102.32, marking a 0.61-percent gain for the month-to-date returns and a 0.37-percent increase for the year-to-date returns.

U.S. stocks closed higher on Thursday as investors digested latest corporate earnings reports and major economic data.

The Dow Jones Industrial Average gained 293.60 points, or 1.21 percent, to 24,483.05. The S&P 500 rose 21.80 points, or 0.83 percent, to 2,663.99. The Nasdaq Composite Index was up 71.22 points, or 1.01 percent, to 7,140.25.