U.S.-listed Chinese firms trade mostly lower


NEW YORK, Jan. 14 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday 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 NetEase and NIO slid 2.13 percent and 2.06 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Baidu and Alibaba Group Holding advanced 5.09 percent and 3.26 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks finished lower on Thursday, as major tech shares slid, weighing on the market.

The Dow Jones Industrial Average fell 68.95 points, or 0.22 percent, to 30,991.52. The S&P 500 was down 14.30 points, or 0.38 percent, to 3,795.54. The Nasdaq Composite Index decreased 16.31 points, or 0.12 percent, to 13,112.64.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 4.68 percent to 23.25.

As of Wednesday, 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 5,510.36, marking a 5.47-percent gain for the month-to-date returns and a 5.47-percent rise for the year-to-date returns.

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