US-listed Chinese firms trade mostly higher
NEW YORK - US-listed Chinese companies traded mostly higher on Friday with seven of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.
Shares of JD.com and Yum China Holdings rose 1.52 percent and 1.46 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of NetEase and Baidu erased 0.65 percent and 0.45 percent, respectively, the top two laggards in the top 10.
US stocks traded higher on Friday as investors digested a batch of key economic data.
The Dow Jones Industrial Average increased 78.13 points, or 0.28 percent, to 28,455.09. The S&P 500 rose 15.85 points, or 0.49 percent, to 3,221.22. The Nasdaq Composite Index rose 37.74 points, or 0.42 percent, to 8,924.96.
As of Thursday, the S&P US Listed China 50 index stood at 3,166.93, marking a 3.93-percent increase for the month-to-date returns and a 38.22-percent gain for the year-to-date returns.
