U.S.-listed Chinese firms trade mostly higher


NEW YORK, May 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.

Shares of NIO and NetEase rose 1.68 percent and 0.85 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of BeiGene and Alibaba Group Holding slipped 2.78 percent and 1.72 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished mixed on Monday as market volatility continued on Wall Street.

The Dow Jones Industrial Average increased 26.76 points, or 0.08 percent, to 32,223.42. The S&P 500 decreased 15.88 points, or 0.39 percent, to 4,008.01. The Nasdaq Composite Index fell 142.21 points, or 1.20 percent, to 11,662.79.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 4.85 percent to 27.47.

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 2,205.41, marking a 6.31-percent slide for the month-to-date returns and a 25.96-percent loss for the year-to-date returns.

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