Xinhua
02 Mar 2021, 04:48 GMT+10
NEW YORK, March 1 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday 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 Pinduoduo and NIO soared 8.76 percent and 8.69 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of Yum China Holdings closed flat at 59.84 U.S. dollars apiece.
U.S. stocks rose sharply on Monday with the tech sector leading the market rally.
The Dow Jones Industrial Average jumped 603.14 points, or 1.95 percent, to 31,535.51. The S&P 500 increased 90.67 points, or 2.38 percent, to 3,901.82. The Nasdaq Composite Index rose 396.48 points, or 3.01 percent, to 13,588.83.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slumped 16.46 percent to 23.35.
As of Friday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 5,746.01, marking a 2.34-percent gain for the February returns and a 9.98-percent rise for the year-to-date returns.
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationWASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...