U.S.-listed Chinese firms trade mostly lower


NEW YORK, Dec. 14 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday, with six 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 Alibaba Group Holding dropped 3.75 percent and 3.22 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Trip.com Group and Baidu rose 2.73 percent and 1.07 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks finished mostly lower on Monday as investors worried the country's soaring COVID-19 infections would trigger additional restrictions.

The Dow Jones Industrial Average fell 184.82 points, or 0.62 percent, to 29,861.55. The S&P 500 slid 15.97 points, or 0.44 percent, to 3,647.49. The Nasdaq Composite Index increased 62.17 points, or 0.50 percent, to 12,440.04.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 6.05 percent to 24.72.

As of Friday, 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 4,802.97, marking a 1.7-percent loss for the month-to-date returns and a 51.65-percent gain for the year-to-date returns.

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