NEW YORK, Oct. 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday 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 both New Oriental Education & Technology Group and TAL Education Group rose 4.58 percent, leading the advancers in the top 10 stocks of the index. Shares of Alibaba Group Holding and NetEase climbed 3.77 percent and 3.35 percent, respectively, also among the biggest winners.
Shares of Ctrip.com International slid 4.64 percent, the only loser in the top 10 stocks of the index.
U.S. stocks rallied on Tuesday with all the three major indices advancing more than 2 percent, boosted by the strong quarterly results from major U.S. companies.
The Dow Jones Industrial Average surged 547.87 points, or 2.17 percent, to 25,798.42. The S&P 500 increased 59.13 points, or 2.15 percent, to 2,809.92. The Nasdaq Composite Index jumped 214.75 points, or 2.89 percent, to 7,645.49.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 17.28 percent to 17.26 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,509.09, marking a 9.80-percent decrease for the month-to-date returns and a 18.83-percent loss for the year-to-date returns. Enditem
