NEW YORK, July 1 (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 Pinduoduo and Yum China Holdings advanced 4.89 percent and 4.37 percent, respectively, leading the gainers in the top 10 stocks.

Shares of XPeng and NIO fell 4.6 percent and 1.66 percent, respectively, the only two decliners in the index.

U.S. stocks climbed on Friday after the S&P 500 wrapped up its worst first-half performance in decades. As of Thursday's close, the S&P 500 dropped 20.6 percent year to date, its largest first-half decline since 1970. The Dow lost more than 15 percent, while the tech-heavy Nasdaq was down 29.5 percent.

The Dow Jones Industrial Average rose 321.83 points on Friday, or 1.05 percent, to 31,097.26. The S&P 500 increased 39.95 points, or 1.06 percent, to 3,825.33. The Nasdaq Composite Index added 99.10 points, or 0.90 percent, to 11,127.84.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 7 percent to 26.70.

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 2,809.17, marking a 14.51-percent gain for June returns and a 5.68-percent loss for the year-to-date returns. Enditem

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