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U.S.-listed Chinese firms trade higher amid upbeat economic data, earnings

Source: Xinhua| 2018-04-18 04:35:52|Editor: huaxia
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NEW YORK, April 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, 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 Baidu, Alibaba and NetEase increased 2.51 percent, 2.34 percent, and 2.02 percent respectively.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,018.96, marking a 2.09-percent loss for the month-to-date returns and a 2.33-percent decrease for the year-to-date returns.

U.S. stocks closed higher on Tuesday as investors digested latest economic data as well as corporate earnings reports.

The Dow Jones Industrial Average was up 213.59 points, or 0.87 percent, to 24,786.63. The S&P 500 rose 28.55 points, or 1.07 percent, to 2,706.39. The Nasdaq Composite Index was up 124.81 points, or 1.74 percent, to 7,281.10. Enditem

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