NEW YORK, Aug. 2 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower 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 a downbeat note.
Shares of 58.com and Alibaba Group Holding fell 3.20 percent and 2.81 percent, respectively, leading the losers in the top 10 stocks of the index.
Shares of Yum China Holdings and TAL Education Group rose 1.05 percent and 0.49 percent, the only two gainers in the top 10 stocks of the index.
U.S. stocks traded lower on Friday, as investors digested a batch of economic data and a Fed official expressed dissent over the central bank's rate cut move.
The Dow Jones Industrial Average decreased 98.41 points, or 0.37 percent, to 26,485.01. The S&P 500 fell 21.51 points, or 0.73 percent, to 2,932.05. The Nasdaq Composite Index fell 107.05 points, or 1.32 percent, to 8,004.07.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 1.46 percent to 17.61 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,637.56, marking a 2.49-percent decrease for the month-to-date returns and a 15.11-percent gain for the year-to-date returns. Enditem
