NEW YORK, Sept. 28 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday with seven 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 Bilibili dipped 7.6 percent and 6.75 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Alibaba Group Holding and NetEase climbed 1.47 percent and 0.83 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks closed sharply lower on Tuesday as a spike in bond yields accelerated a rotation out of high-flying tech shares.

The Dow Jones Industrial Average fell 569.38 points, or 1.63 percent, to 34,299.99. The S&P 500 decreased 90.48 points, or 2.04 percent, to 4,352.63. The Nasdaq Composite Index shed 423.29 points, or 2.83 percent, to 14,546.68.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, jumped 23.93 percent to 23.25.

As of Monday, 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 3,531.34, marking a 6-percent loss for the month-to-date returns and a 32.41-percent slide for the year-to-date returns. Enditem

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