NEW YORK, May 4 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday, 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 ZTO Express and Alibaba Group Holding slid 2.92 percent and 1.71 percent, respectively, leading the laggards in the top 10 stocks in the index.
JD.com and Pinduoduo rose 2.1 percent and 2.07 percent, respectively, leading the gainers in the top 10 stocks.
Wall Street's major averages closed higher on Monday as major tech shares gained, underpinning the market.
The Dow Jones Industrial Average increased 26.07 points, or 0.11 percent, to 23,749.76. The S&P 500 rose 12.03 points, or 0.42 percent, to 2,842.74. The Nasdaq Composite Index jumped 105.77 points, or 1.23 percent, to 8,710.71.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.28 percent to 35.97 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 3,060.68, marking a 5.33-percent decrease for the month-to-date returns and a 3.36-percent loss for the year-to-date returns. Enditem
