U.S.-listed Chinese firms trade mostly lower


NEW YORK, Nov. 25 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday, with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of Pinduoduo and NetEase dipped 5.59 percent and 3.81 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Baidu and NIO rose 1.22 percent and 0.34 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks finished mixed on Wednesday, as the market took a breather after a record prior session.

The Dow Jones Industrial Average decreased 173.77 points, or 0.58 percent, to 29,872.47. The S&P 500 was down 5.76 points, or 0.16 percent, to 3,629.65. The Nasdaq Composite Index increased 57.62 points, or 0.48 percent, to 12,094.40.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slipped 1.8 percent to 21.25.

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 5,058.73, marking a 14.48-percent increase for the month-to-date returns and a 59.72-percent gain for the year-to-date returns.

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