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U.S.-listed Chinese firms trade mostly lower

16772233584784 U.S.-listed Chinese companies traded mostly lower on Wednesday, 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 Baidu and Li Auto dipped 2.63 percent and 2.51 percent, respectively, leading the laggards in the top 10 stocks.

   Shares of Yum China Holdings and NIO rose 1.53 percent and 1.5 percent, respectively, leading the advancers in the top 10 stocks.

   Wall Street’s major averages finished mixed on Wednesday after the Federal Reserve’s meeting minutes reaffirmed tough stance on inflation.

   The Dow Jones Industrial Average fell 84.5 points, or 0.26 percent, to 33,045.09. The S&P 500 sank 6.29 points, or 0.16 percent, to 3,991.05. The Nasdaq Composite Index increased 14.77 points, or 0.13 percent, to 11,507.07.

   The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slipped 2.54 percent to 22.29.

   As of Tuesday, 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 2,716.9, marking a 6.66-percent loss for the month-to-date returns and a 5.73-percent increase for the year-to-date returns.  

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