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NEW YORK, March 11 (Xinhua) — U.S.-listed Chinese companies traded roughly higher on Thursday with all 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 NIO and Pinduoduo soared 11.4 percent and 9.63 percent, respectively, leading the gains in the top 10 stocks in the index.
Shares of Baidu and New Oriental Education & Technology Group advanced 6.76 percent and 5.62 percent, respectively, also among the best performers.
U.S. stocks climbed on Thursday as President Joe Biden signed a new stimulus bill.
The Dow Jones Industrial Average rose 188.57 points, or 0.58 percent, to 32,485.59. The S&P 500 added 40.53 points, or 1.04 percent, to 3,939.34. The Nasdaq Composite Index jumped 329.84 points, or 2.52 percent, to 13,398.67.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 2.88 percent to 21.91.
As of Wednesday, 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 5,375.33, marking a 6.45-percent loss for the month-to-date returns and a 2.88-percent gain for the year-to-date returns.