NEW YORK, Aug. 2 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday with seven of 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 Pinduoduo and Alibaba Group Holding rose 2.7 percent and 2.52 percent, respectively, leading the gainers in the top 10 stocks.
Shares of NetEase and Baidu went down 1.03 percent and 0.63 percent, respectively, leading the decliners in the index.
U.S. stocks fell on Tuesday as market sentiment soured on Wall Street.
The Dow Jones Industrial Average decreased 402.23 points, or 1.23 percent, to 32,396.17. The S&P 500 fell 27.44 points, or 0.67 percent, to 4,091.19. The Nasdaq Composite Index slipped 20.22 points, or 0.16 percent, to 12,348.76.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 4.77 percent to 23.93.
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 2,519.31, marking a 1.33-percent slide for the month-to-date returns and a 15.42-percent loss for the year-to-date returns.
