NEW YORK, Dec. 30 (Xinhua) -- U.S.-listed Chinese companies roughly traded higher on Wednesday 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 Baidu and New Oriental Education & Technology Group soared 12.59 percent and 7.86 percent, respectively, leading the gains in the top 10 stocks in the index.
Shares of Pinduoduo and NIO advanced 7.77 percent and 4.85 percent, respectively, also among the best performers.
U.S. stocks ended higher on Wednesday, underpinned by solid gains in energy sector.
The Dow Jones Industrial Average increased 73.89 points, or 0.24 percent, to 30,409.56. The S&P 500 was up 5.00 points, or 0.13 percent, to 3,732.04. The Nasdaq Composite Index rose 19.78 points, or 0.15 percent, to 12,870.00.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.47 percent to 22.74.
As of Tuesday, 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 5,000.43, marking a 2.34-percent rise for the month-to-date returns and a 57.88-percent gain for the year-to-date returns. Enditem
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