U.S.-listed Chinese firms trade mostly lower


NEW YORK, Aug. 18 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower 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 a downbeat note.

Shares of NetEase and Baidu dropped 5.97 percent and 3.25 percent, respectively, leading the laggards in the top 10 stocks.

Shares of Alibaba Group Holding climbed 1.08 percent, the lone gainer in the index.

U.S. stocks eked out modest gains on Thursday as investors parsed a slew of economic data.

The Dow Jones Industrial Average rose 18.72 points, or 0.06 percent, to 33,999.04. The S&P 500 was up 9.70 points, or 0.23 percent, to 4,283.74. The Nasdaq Composite Index increased 27.22 points, or 0.21 percent, to 12,965.34.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.71 percent to 19.56.

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 2,542.11, marking a 0.43-percent slide for the month-to-date returns and a 14.65-percent loss for the year-to-date returns.

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