U.S.-listed Chinese firms trade lower

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NEW YORK, Sept. 20 (Xinhua) -- U.S.-listed Chinese companies roughly 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 Bilibili sank 6.5 percent and 6.26 percent, respectively, leading the losses in the top 10 stocks in the index.

Shares of NIO and Alibaba Group Holding dipped 6.24 percent and 5.35 percent, respectively, also among the worst performers in the top 10 stocks.

U.S. stocks tumbled on Monday as selling pressure intensified on Wall Street.

The Dow Jones Industrial Average fell 614.41 points, or 1.78 percent, to close at 33,970.47. The S&P 500 dropped 75.26 points, or 1.70 percent, to 4,357.73. The Nasdaq Composite Index slid 330.06 points, or 2.19 percent, to 14,713.90.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 23.55 percent at 25.71.

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 3,622.87, marking a 3.56-percent loss for the month-to-date returns and a 30.66-percent slide for the year-to-date returns. Enditem

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