U.S.-listed Chinese companies traded mostly higher on Wednesday 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 Yum China Holdings and BeiGene surged 13.98 percent and 13.78 percent, respectively, leading the advancers in the top 10 stocks of the index. Shares of SINA Corporation and Ctrip.com International rose 7.67 percent and 6.74 percent, respectively, also among the biggest winners.
U.S. stocks rose on Wednesday following a strong previous session as investor sentiment was fueled by a slew of solid corporate earnings.
The Dow Jones Industrial Average jumped 241.12 points, or 0.97 percent, to 25,115.76. The S&P 500 was up 29.11 points, or 1.09 percent, to 2,711.74. The Nasdaq Composite Index increased 144.25 points, or 2.01 percent, to 7,305.90.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 9.08 percent to 21.23 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,350.03, marking a 15.52-percent decrease for the month-to-date returns and a 23.97-percent loss for the year-to-date returns. Enditem