U.S.-listed Chinese firms trade mostly lower


NEW YORK, Aug. 8 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday 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 Pinduoduo and JD.com dropped 5.13 percent and 4.96 percent, respectively, leading the laggards in the top 10 stocks.

Shares of BeiGene and NetEase rose 4 percent and 0.54 percent, respectively, the only two gainers in the index.

U.S. stocks finished mixed on Monday, dragged by weakness in the tech sector.

The Dow Jones Industrial Average increased 29.07 points, or 0.09 percent, to 32,832.54. The S&P 500 fell 5.13 points, or 0.12 percent, to 4,140.06. The Nasdaq Composite Index declined 13.09 points, or 0.10 percent, to 12,644.46.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 0.66 percent to 21.29.

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 2,605.02, marking a 2.03-percent advance for the month-to-date returns and a 12.54-percent loss for the year-to-date returns.

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