U.S.-listed Chinese firms trade mostly lower

Source: Xinhua| 2019-10-19 04:42:45|Editor: huaxia
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NEW YORK, Oct. 18 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday with nine 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 Alibaba Group Holding and Baidu fell 4.37 percent and 3.63 percent respectively, leading the losers in the top 10 stocks of the index. Shares of ZTO Express rose 0.05 percent, the only gainer.

U.S. stocks ended lower on Friday, as Wall Street digested a host of corporate performance results and mixed company news in the first week of the third-quarter earnings season.

The Dow Jones Industrial Average fell 255.68 points, or 0.95 percent, to 26,770.20. The S&P 500 was down 11.75 points, or 0.39 percent, to 2,986.20. The Nasdaq Composite Index decreased 67.31 points, or 0.83 percent, to 8,089.54.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, increased 3.34 percent to 14.25 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 2,847.70, marking a 4.38-percent increase for the month-to-date returns and a 24.28-percent gain for the year-to-date returns. Enditem