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U.S.-listed Chinese Firms Trade Mostly Higher On Market Rebound - April 9
 

U.S.-listed Chinese companies traded mostly higher on Monday, with nine 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 TAL Education Group and shares of New Oriental Education & Technology Group surged 3.61 percent and 3.25 percent, respectively, leading the advancers in the top 10 stocks of the index.

Meanwhile, shares of Chinese online tourism company Ctrip.com lost 0.04 percent to close at 44.78 U.S. dollars apiece.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,983.78, marking a 3.23-percent decline for the month-to-date returns and a 3.47-percent decline for the year-to-date returns.

U.S. stocks closed higher on Monday after U.S. President Donald Trump appeared to soften his tone on U.S.-China trade relations.

The Dow Jones Industrial Average gained 46.34 points, or 0.19 percent, to 23,979.10. The S&P 500 added 8.69 points, or 0.33 percent, to 2,613.16. The Nasdaq Composite Index was up 35.23 points, or 0.51 percent, to 6,950.34.


(www.chinaview.cn 2018-04-10)
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