U.S.-listed Chinese firms trade mostly higher

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NEW YORK, Oct. 15 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday with eight 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 NIO and Yum China Holdings climbed 3.94 percent and 2.18 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of ZTO Express and Pinduoduo dipped 0.16 percent and 0.02 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks finished noticeably higher on Friday, fueled by strong earnings' reports and an unexpected increase of the nation's retail sales.

The Dow Jones Industrial Average increased 382.20 points, or 1.09 percent, to 35,294.76. The S&P 500 was up 33.11 points, or 0.75 percent, to 4,471.37. The Nasdaq Composite Index rose 73.91 points, or 0.50 percent, to 14,897.34.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.32 percent to 16.3.

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 3,640.06, marking a 5.65-percent gain for the month-to-date returns and a 30.33-percent slide for the year-to-date returns. Enditem

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