U.S.-listed Chinese firms trade mostly higher

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NEW YORK, Oct. 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a positive note.

Shares of NetEase and TAL Education Group rose 2.96 percent and 1.34 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of New Oriental Education & Technology Group and Yum China Holdings fell 2.19 percent and 1.06 percent, respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks ended lower on Wednesday, as Wall Street digested a batch of mixed data, including an unexpected fall in U.S. retail sales in September, stoking worries over a potential economic downturn in the country.

The Dow Jones Industrial Average was down 22.82 points, or 0.08 percent, to 27,001.98. The S&P 500 dipped 5.99 points, or 0.20 percent, to 2,989.69. The Nasdaq Composite Index dropped 24.52 points, or 0.30 percent, to 8,124.18.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, increased 1.03 percent to 13.68 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,835.77, marking a 3.94-percent increase for the month-to-date returns and a 23.76-percent gain for the year-to-date returns. Enditem

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