NEW YORK, May 24 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday with seven 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 Ctrip.com International dipped 3.51 percent, leading the decliners in the top 10 stocks of the index.
Shares of 58.com and Yum China Holdings sank 2.50 percent and 2.09 percent, respectively, also among the worst performers.
Baidu stock gained 0.89 percent, the best performer in the top 10 stocks of the index. TAL Education Group and New Oriental Education & Technology Group advanced 0.68 percent and 0.46 percent, respectively.
U.S. stocks closed higher on Friday, regaining some from the massive losses in the previous session, as Wall Street reignited hopes for de-escalation of global trade tensions.
The Dow Jones Industrial Average rose 95.22 points, or 0.37 percent, to 25,585.69. The S&P 500 increased 3.82 points, or 0.14 percent, to 2,826.06. The Nasdaq Composite Index climbed 8.72 points, or 0.11 percent, to 7,637.01.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 6.32 percent to 15.85 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,575.69, marking a 14.59-percent decrease for the month-to-date returns and a 12.41-percent gain for the year-to-date returns.
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