U.S.-listed Chinese firms trade mostly lower


NEW YORK, Sept. 29 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday, with eight 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 ZTO Express and NetEase dipped 7.44 percent and 2.84 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of TAL Education Group and Alibaba Group rose 0.61 percent and 0.33 percent, respectively, the only two gainers in the top 10 stocks.

Wall Street's major averages finished lower on Tuesday as investors awaited a U.S. presidential debate.

The Dow Jones Industrial Average decreased 131.40 points, or 0.48 percent, to 27,452.66. The S&P 500 fell 16.13 points, or 0.48 percent, to 3,335.47. The Nasdaq Composite Index dipped 32.28 points, or 0.29 percent, to 11,085.25.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 0.31 percent to 26.27.

As of Monday, 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 4,240.65, marking a 3.72-percent loss for the month-to-date returns and a 33.89-percent gain for the year-to-date returns.

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