NEW YORK, Oct. 30 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with eight 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 Ctrip.com International and TAL Education Group rose 2.47 percent and 2.07 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of Yum China Holdings and JD.com slid 0.43 percent and 0.28 percent, respectively, the only two decliners in the top 10 stocks of the index.
U.S. stocks rallied on Wednesday after the Federal Reserve cut interest rates for the third time this year.
The Dow Jones Industrial Average jumped 115.27 points, or 0.43 percent, to 27,186.69. The S&P 500 increased 9.88 points, or 0.33 percent, to 3,046.77. The Nasdaq Composite Index gained 27.12 points, or 0.33 percent, to 8,303.98.
The Cboe Volatility Index, widely considered the best fear gauge in the stock market, fell 6.59 percent to 12.33 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,910.43, marking a 6.68-percent increase for the month-to-date returns and a 27.02-percent gain for the year-to-date returns. Enditem
