NEW YORK, May 13 (Xinhua) -- U.S.-listed Chinese companies traded higher on Friday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
Shares of XPeng and Pinduoduo soared 11.32 percent and 10.2 percent, respectively, leading the gains in the top 10 stocks in the index.
Shares of NIO and Bilibili advanced 9.24 percent and 8.94 percent, respectively, also among the best performers in the top 10 stocks.
U.S. stocks climbed on Friday, bolstered by a solid comeback in tech names.
The Dow Jones Industrial Average increased 466.36 points, or 1.47 percent, to 32,196.66. The S&P 500 rose 93.81 points, or 2.39 percent, to 4,023.89. The Nasdaq Composite Index jumped 434.04 points, or 3.82 percent, to 11,805.00.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 9.13 percent to 28.87.
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 2,056.40, marking a 12.64-percent slide for the month-to-date returns and a 30.96-percent loss for the year-to-date returns.