NEW YORK, Jan. 23 (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 NIO and Li Auto soared 8.94 percent and 6.84 percent, respectively, leading the advancers in the top 10 stocks.
Shares of Trip.com Group and Alibaba Group Holding slipped 0.65 percent and 0.28 percent, respectively, the only two decliners in the top 10 stocks.
Wall Street's major averages climbed on Monday, boosted by strong gains in tech-related stocks.
The Dow Jones Industrial Average rose 254.07 points, or 0.76 percent, to 33,629.56. The S&P 500 added 47.20 points, or 1.19 percent, to 4,019.81. The Nasdaq Composite Index increased 223.98 points, or 2.01 percent, to 11,364.41.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 0.2 percent to 19.81.
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 2,930.57, marking a 14.04-percent rise for the month-to-date returns and a 14.04-percent increase for the year-to-date returns.
