US-listed Chinese firms trade mostly higher
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E-mail Xinhua, September 8, 2018
U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.
Shares of New Oriental Education & Technology Group and Alibaba Group rose 2.26 percent and 1.56 percent, respectively, leading the advancers in the top 10 stocks of the index. Meanwhile, shares of Ctrip.com International slipped 3.64 percent, leading the laggards.
U.S. stocks closed lower on Friday as investors digested a slew of economic data amid global trade tensions.
The Dow Jones Industrial Average decreased 79.33 points, or 0.31 percent, to 25,916.54. The S&P 500 was down 6.37 points, or 0.22 percent, to 2,871.68. The Nasdaq Composite Index dipped 20.18 points, or 0.25 percent, to 7,902.54.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 1.57 percent to 14.88 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,727.51, marking a 6.13-percent decrease for the month-to-date returns and a 11.76-percent loss for the year-to-date returns.
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