U.S.-listed Chinese firms trade mostly lower


NEW YORK, Dec. 4 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday, 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 NIO and JD.com slid 5.09 percent and 1.27 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of TAL Education Group and Pinduoduo rose 1.16 percent and 0.83 percent, respectively, leading the gainers in the top 10 stocks.

Wall Street's major averages finished higher on Friday as traders shrugged off a weaker-than-expected November U.S. jobs report.

The Dow Jones Industrial Average rose 248.74 points, or 0.83 percent, to 30,218.26. The S&P 500 was up 32.40 points, or 0.88 percent, to 3,699.12. The Nasdaq Composite Index increased 87.05 points, or 0.70 percent, to 12,464.23.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 2.3 percent to 20.79.

As of Thursday, 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 4,823.69, marking a 1.27-percent loss for the month-to-date returns and a 52.3-percent gain for the year-to-date returns.

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