NEW YORK, Jan. 30 (Xinhua) -- U.S.-listed Chinese companies traded lower on Monday, with all 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 7.19 percent and 6.13 percent, respectively, leading the slide in the top 10 stocks.
Shares of Alibaba Group Holding and NIO pulled back 6.07 percent and 5.43 percent, respectively, also among the worst performers in the top 10 stocks.
Wall Street's major averages fell Monday as investors cautiously awaited another possible interest rate hike from the Federal Reserve.
The Dow Jones Industrial Average decreased 260.99 points, or 0.77 percent, to 33,717.09. The S&P 500 sank 52.79 points, or 1.30 percent, to 4,017.77. The Nasdaq Composite Index shed 227.90 points, or 1.96 percent, to 11,393.81.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 7.73 percent to 19.94.
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 3,051.32, marking an 18.74-percent rise for the month-to-date returns and an 18.74-percent increase for the year-to-date returns.
