U.S.-listed Chinese firms trade mostly higher


NEW YORK, Aug. 11 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with nine 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 Pinduoduo and NIO rose 4.99 percent and 3.84 percent, respectively, leading the gainers in the top 10 stocks.

Shares of Yum China Holdings slipped 0.23 percent, the lone decliner in the index.

U.S. stocks finished mixed on Thursday as Wall Street parsed a slew of the latest economic data.

The Dow Jones Industrial Average was up 27.16 points, or 0.08 percent, to 33,336.67. The S&P 500 decreased 2.97 points, or 0.07 percent, to 4,207.27. The Nasdaq Composite Index fell 74.89 points, or 0.58 percent, to 12,779.91.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 2.33 percent to 20.2.

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 2,550.41, marking a 0.11-percent slide for the month-to-date returns and a 14.37-percent loss for the year-to-date returns.

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