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US-listed Chinese firms trade higher

US-listed Chinese firms trade higher

New York: US-listed Chinese companies traded higher with all of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day with gains.

Shares of Ctrip.com International and 58.com rose 5.71 percent and 5.08 percent respectively, leading the gainers in the top 10 stocks of the index on Wednesday, Xinhua news agency reported.

US stocks closed higher on Wednesday, as investors digested a batch of latest data, and strong shares of Apple contributed to daily market gains.

The Dow Jones Industrial Average increased 227.61 points, or 0.85 percent, to 27,137.04. The S&P 500 rose 21.54 points, or 0.72 percent, to 3,000.93. The Nasdaq Composite Index rallied 85.52 points, or 1.06 percent, to 8,169.68.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 3.88 percent to 14.61 on Wednesday.

As of Tuesday, the S&P US Listed China 50 index stood at 2,865.28, marking a 1.33 percent increase for the month-to-date returns and a 25.05 percent gain for the year-to-date returns.

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