U.S.-listed Chinese firms trade mostly lower

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 Trip.com Group and NIO dropped 2.83 percent and 1.22 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of both Alibaba Group Holding and JD. com rose 0.47 percent, leading the gainers in the top 10 stocks.

U.S. stocks fell on Friday as investors parsed the latest economic data.

The Dow Jones Industrial Average decreased 271.66 points, or 0.78 percent, to 34,607.72. The S&P 500 fell 34.70 points, or 0.77 percent, to 4,458.58. The Nasdaq Composite Index was down 132.76 points, or 0.87 percent, to 15,115.49.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 11.44 percent at 20.95.

As of Thursday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 3,799.6, marking a 1.14-percent gain for the month-to-date returns and a 27.28-percent slide for the year-to-date returns.