U.S.-listed Chinese firms trade mostly higher

NEW YORK, Jan. 13 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.

Shares of Alibaba Group Holding and JD.com rose 4.3 percent and 2.15 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Pinduoduo and Baidu fell 2.76 percent and 1.05 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished mixed on Wednesday as investors turned their focus to Washington.

The Dow Jones Industrial Average decreased 8.22 points, or 0.03 percent, to 31,060.47. The S&P 500 increased 8.65 points, or 0.23 percent, to 3,809.84. The Nasdaq Composite Index rose 56.52 points, or 0.43 percent, to 13,128.95.

The Cboe Volatility Index widely considered as the best fear gauge in the stock market, dipped 4.8 percent to 22.21.

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 5,497.06, marking a 5.21-percent gain for the month-to-date returns and a 5.21-percent rise for the year-to-date returns.

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