U.S.-listed Chinese companies traded mostly lower on Friday, with seven of the 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Shares of BeiGene, Ltd. dropped 1.75 percent, leading the laggards in the top 10 stocks of the index. Ctrip.com International, Ltd. and TAL Education Group also posted negative results. Shares of both companies declined 1.61 percent. Shares of Baidu, Inc. rose 2.25 percent, leading the advancers in the top 10 stocks.
U.S. stocks closed higher on Friday as investor sentiment was bolstered by positive jobs data.
The Dow Jones Industrial Average was up 136.42 points, or 0.54 percent, to 25,462.58. The S&P 500 advanced 13.13 points, or 0.46 percent, to 2,840.35. The Nasdaq Composite Index rose 9.33 points, or 0.12 percent, to 7,812.01.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 4.51 percent to 11.64 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 3,094.15, marking a 1.87-percent decrease for the month-to-date returns and a 0.10-percent gain for the year-to-date returns.
