U.S.-listed Chinese firms trade lower


NEW YORK, Oct. 7 (Xinhua) -- U.S.-listed Chinese companies traded lower on Friday with all 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 tumbled 6.84 percent and 6.59 percent, respectively, leading the losses in the top 10 stocks.

Shares of BeiGene and Trip.com Group went down 3.9 percent and 3.84 percent, respectively, also among the worst performers in the top 10 stocks.

U.S. stocks fell sharply on Friday as a solid September jobs report fueled worries that the Federal Reserve would continue to be aggressive with rate hikes.

The Dow Jones Industrial Average plunged 630.15 points, or 2.11 percent, to 29,296.79. The S&P 500 decreased 104.86 points, or 2.80 percent, to 3,639.66. The Nasdaq Composite Index shed 420.91 points, or 3.80 percent, to 10,652.40.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 2.75 percent to 31.36.

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 2,451.93, marking a 2.85-percent increase for the month-to-date returns and a 17.68-percent loss for the year-to-date returns.

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