U.S.-listed Chinese firms trade mostly lower

NEW YORK, Oct. 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday, 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 NIO and Trip.com Group fell 4.23 percent and 2.75 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of NetEase and JD.com rose 0.98 percent and 0.09 percent, respectively, leading the advancers in the top 10 stocks.

Wall Street's major averages closed sharply lower on Monday as a continued spike in U.S. COVID-19 cases rattled markets.

The Dow Jones Industrial Average dropped 650.19 points, or 2.29 percent, to 27,685.38. The S&P 500 decreased 64.42 points, or 1.86 percent, to 3,400.97. The Nasdaq Composite Index shed 189.34 points, or 1.64 percent, to 11,358.94.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 17.82 percent to 32.46.

As of Friday, 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 4,416.38, marking a 2.96-percent increase for the month-to-date returns and a 39.44-percent gain for the year-to-date returns.

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