U.S.-listed Chinese firms trade mostly lower

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 NIO dropped 5 percent and 3.25 percent, respectively, leading the laggards in the top 10 stocks.

Shares of BeiGene rose 1.77 percent, the lone gainer in the index.

U.S. stocks ended mixed on Friday as a strong jobs report ignited worries about more aggressive rate hikes from the Federal Reserve.

The Dow Jones Industrial Average increased 76.65 points, or 0.23 percent, to 32,803.47. The S&P 500 fell 6.75 points, or 0.16 percent, to 4,145.19. The Nasdaq Composite Index decreased 63.03 points, or 0.50 percent, to 12,657.55.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.35 percent to 21.15.

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 2,652, marking a 3.87-percent advance for the month-to-date returns and a 10.96-percent loss for the year-to-date returns.