U.S.-listed Chinese firms trade higher
NEW YORK, Nov. 30 -- U.S.-listed Chinese companies traded mostly higher on Friday with all 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 BeiGene and SINA Corporation advanced 6.53 percent and 3.47 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of Alibaba Group Holding and Ctrip.com International climbed 2.93 percent and 2.89 percent, respectively, also among the biggest winners.
U.S. stocks gained on Friday as market sentiment was boosted by new hopes for some trade deals between Washington and its key trading partners during the Group of 20 (G20) summit in Argentina.
The Dow Jones Industrial Average jumped 199.62 points, or 0.79 percent, to 25,538.46. The S&P 500 was up 22.40 points, or 0.82 percent, to 2,760.12. The Nasdaq Composite Index rose 57.45 points, or 0.79 percent, to 7,330.54.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 3.83 percent to 18.07 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,469.75, marking a 0.93-percent decrease for the month-to-date returns and a 20.10-percent loss for the year-to-date returns. Enditem