U.S.-listed Chinese firms trade mostly lower


NEW YORK, Jan. 15 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday 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 NIO and Baidu slid 7.56 percent and 4.07 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of TAL Education Group and Trip.com Group rose 0.77 percent and 0.39 percent, respectively, leading the gainers in the top 10 stocks.

Wall Street's major averages slipped on Friday as investors pored through President-elect Joe Biden's proposed COVID-19 aid plan and the December U.S. retail sales data.

The Dow Jones Industrial Average decreased 177.26 points, or 0.57 percent, to end at 30,814.26. The S&P 500 fell 27.29 points, or 0.72 percent, to 3,768.25. The Nasdaq Composite Index was down 114.14 points, or 0.87 percent, to 12,998.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 4.69 percent to 24.34.

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 5,546.08, marking a 6.15-percent gain for the month-to-date returns and a 6.15-percent rise for the year-to-date returns.

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