U.S.-listed Chinese firms trade mostly lower

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NEW YORK, Oct. 11 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower 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 a downbeat note.

Shares of Pinduoduo and ZTO Express slipped 1.44 percent and 1.2 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Alibaba Group Holding and Baidu rose 1.5 percent and 0.04 percent, respectively, the only two gainers in the top 10 stocks.

U.S. stocks finished lower on Monday, as investors await the kickoff of earnings season.

The Dow Jones Industrial Average fell 250.19 points, or 0.72 percent, to 34,496.06. The S&P 500 dipped 30.15 points, or 0.69 percent, to 4,361.19. The Nasdaq Composite Index decreased 93.34 points, or 0.64 percent, to 14,486.20.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 6.55 percent to 20.

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 3,621.86, marking a 5.12-percent gain for the month-to-date returns and a 30.68-percent slide for the year-to-date returns. Enditem

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