U.S.-listed Chinese firms trade mostly lower


NEW YORK, Aug. 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with nine 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 BeiGene and NIO dropped 4.48 percent and 3.97 percent, respectively, leading the laggards in the top 10 stocks.

Shares of Yum China Holdings added 0.27 percent, the lone gainer in the index.

U.S. stocks fell on Wednesday as Wall Street digested the minutes from the Federal Reserve's July meeting.

The Dow Jones Industrial Average decreased 171.69 points, or 0.50 percent, to 33,980.32. The S&P 500 lost 31.16 points, or 0.72 percent, to 4,274.04. The Nasdaq Composite Index was down 164.43 points, or 1.25 percent, to 12,938.12.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 1.07 percent to 19.90.

As of Tuesday, 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 2,607.24, marking a 2.12-percent gain for the month-to-date returns and a 12.46-percent loss for the year-to-date returns.

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