NEW YORK, June 28 (Xinhua) — U.S.-listed Chinese companies traded mostly lower on Tuesday 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 XPeng and BeiGene dipped 5.06 percent and 3.64 percent, respectively, leading the laggards in the top 10 stocks.
Shares of Trip.com Group and Yum China Holdings advanced 10.79 percent and 4.37 percent, respectively, the only two gainers in the index.
U.S. stocks dropped on Tuesday as market sentiment was dented by soft data.
The Dow Jones Industrial Average fell 491.27 points, or 1.56 percent, to 30,946.99. The S&P 500 slid 78.56 points, or 2.01 percent, to 3,821.55. The Nasdaq Composite Index decreased 343.01 points, or 2.98 percent, to 11,181.54.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 5.23 percent to 28.36.
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 2,863.65, marking a 16.74-percent gain for the month-to-date returns and a 3.85-percent loss for the year-to-date returns.