NEW YORK, March 8 (Xinhua) — U.S.-listed Chinese companies traded mostly lower 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 a downbeat note.
Shares of BeiGene and SINA Corporation fell 7.57 percent and 3.08 percent respectively, leading the losers in the top 10 stocks of the index.
U.S. stocks ended lower on Friday, as investors digested U.S. job report in February that largely fell short of market expectations and have been looking ahead to U.S. Federal Reserve chair’s speech on late Friday.
The Dow Jones Industrial Average was down 22.99 points, or 0.09 percent, to 25,450.24. The S&P 500 decreased 5.86 points, or 0.21 percent, to 2,743.07. The Nasdaq Composite Index was down 13.32 points, or 0.18 percent, to 7,408.14.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, fell 3.26 percent to 16.05 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,715.28, marking a 0.71-percent decrease for the month-to-date returns and a 18.50-percent gain for the year-to-date returns. Enditem