U.S.-listed Chinese firms trade mostly lower

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 Baidu and NIO dipped 3.65 percent and 2.2 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of NetEase and JD.com rose 1.1 percent and 0.55 percent, respectively, leading the gainers in the top 10 stocks

U.S. stocks ended mixed on Friday, following a steep sell-off in the previous session.

The Dow Jones Industrial Average dropped 469.64 points, or 1.50 percent, to 30,932.37. The S&P 500 fell 18.19 points, or 0.48 percent, to 3,811.15. The Nasdaq Composite Index rose 72.91 points, or 0.56 percent, to 13,192.34.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, decreased 3.25 percent to 27.95.

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 5,799.21, marking a 3.29-percent gain for the month-to-date returns and an 11-percent rise for the year-to-date returns.