U.S.-listed Chinese firms traded mostly lower

NEW YORK, April 23 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday, with 8 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 New Oriental Education & Technology Group and shares of TAL Education Group, tumbled 4.71 percent and 3.30 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of BeiGene rose 0.98 percent as the biggest advancer among the 10 stocks.

Shares of Alibaba and shares of JD.com, another two Chinese famous e-commerce giants listed in the U.S. equity market, lost 1.98 percent and 1.18 percent respectively on Monday.

U.S. stocks ended mixed on Monday as investors were awaiting for a string of corporate earnings reports due out later this week.

At the close, the Dow Jones Industrial Average fell 14.25 points, or 0.06 percent, to 24,448.69. The S&P 500 increased 0.15 points, or 0.01 percent, to 2,670.29. The Nasdaq Composite Index was down 17.52 points, or 0.25 percent, to 7,128.60.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, fell 3.20 percent to 16.34 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,029.64, marking a 1.75-percent decline for the month-to-date returns and a 1.99-percent decrease for the year-to-date returns. Enditem