U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2020-01-11 06:11:16|Editor: huaxia

NEW YORK, Jan. 10 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday with six 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 Baidu and Alibaba Group rose 2.59 percent and 0.92 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of Pinduoduo and New Oriental Education & Technology Group slid 3.13 percent and 1.89 percent, respectively, leading, leading the decliners in the top 10 stocks.

U.S. stocks finished lower on Friday, giving up earlier gains, as investors digested the weaker-than-expected jobs data.

The Dow Jones Industrial Average shed 133.13 points, or 0.46 percent, to 28,823.77. The S&P 500 decreased 9.35 points, or 0.29 percent, to 3,265.35. The Nasdaq Composite Index fell 24.57 points, or 0.27 percent, to 9,178.86.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, rose 0.16 percent to 12.56 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,386.74, marking a 6.93-percent increase for the month-to-date returns and a 6.93-percent gain for the year-to-date returns. Enditem

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