U.S.-listed Chinese firms trade roughly flat

Source: Xinhua | 2018-10-04

U.S.-listed Chinese companies traded roughly flat on Wednesday with five 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 Ctrip.com International and Alibaba Group Holding Limited rose 1.52 percent and 1.34 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of New Oriental Education & Technology Group and Baidu, Inc. slid 2.61 percent and 1.16 percent, respectively, leading the laggards in the top 10 stocks of the index.

U.S. stocks rallied on Wednesday as market sentiment was lifted by a batch of solid economic data.

The Dow Jones Industrial Average advanced 54.45 points, or 0.20 percent, to 26,828.39. The S&P 500 rose 2.08 points, or 0.07 percent, to 2,925.51. The Nasdaq Composite Index was up 25.54 points, or 0.32 percent, to 8,025.09.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 3.65 percent to 11.61 on Wednesday.