U.S.-listed Chinese firms trade mostly higher

NEW YORK, Oct. 3 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.

Shares of Li Auto and BeiGene rose 1.96 percent and 1.72 percent, respectively, leading the advancers in the top 10 stocks.

Shares of NIO and JD.com went down 1.78 percent and 1.55 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks rallied on Monday as energy and materials sectors led the broad market higher.

The Dow Jones Industrial Average soared 765.38 points, or 2.66 percent, to 29,490.89. The S&P 500 increased 92.81 points, or 2.59 percent, to 3,678.43. The Nasdaq Composite Index was up 239.81 points, or 2.27 percent, to 10,815.43.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 4.81 percent to 30.1.

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 2,383.97, marking a 13.58-percent decrease for September returns and a 19.96-percent loss for the year-to-date returns.

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