U.S.-listed Chinese firms trade flat


NEW YORK, Aug. 12 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Friday with five 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 Trip.com Group rose 1.39 percent and 1.31 percent, respectively, leading the advancers in the top 10 stocks.

Shares of Pinduoduo and BeiGene slipped 1.65 percent and 1.36 percent, respectively, leading the decliners in the index.

U.S. stocks jumped on Friday as consumer and tech shares led the broad market higher.

The Dow Jones Industrial Average increased 424.38 points, or 1.27 percent, to 33,761.05. The S&P 500 was up 72.88 points, or 1.73 percent, to 4,280.15. The Nasdaq Composite Index rose 267.28 points, or 2.09 percent, to 13,047.19.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.32 percent to 19.53.

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 2,602.84, marking a 1.94-percent gain for the month-to-date returns and a 12.61-percent loss for the year-to-date returns.

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