NEW YORK, Aug. 19 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday with seven 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 NIO and Li Auto dropped 4.32 percent and 2.92 percent, respectively, leading the laggards in the top 10 stocks.
Shares of Trip.com Group and Baidu climbed 0.62 percent and 0.69 percent, leading the gainers in the index.
U.S. stocks pulled back on Friday, weighed by weakness in the consumer discretionary and the financials sectors.
The Dow Jones Industrial Average fell 292.30 points, or 0.86 percent, to 33,706.74. The S&P 500 was down 55.26 points, or 1.29 percent, to 4,228.48. The Nasdaq Composite Index decreased 260.13 points, or 2.01 percent, to 12,705.21.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 5.32 percent to 20.60.
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 2,508.24, marking a 1.76-percent slide for the month-to-date returns and a 15.79-percent loss for the year-to-date returns.
