NEW YORK, April 11 (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 BeiGene and Yum China Holdings dropped 6.19 percent and 2.71 percent, respectively, leading the laggards in the top 10 stocks in the index.
Shares of Bilibili and NetEase advanced 7.23 percent and 2.12 percent, respectively, leading the gainers in the top 10 stocks.
U.S. stocks fell noticeably on Monday as investors rotated out of risk assets, in particular, high-flying stocks, amid a momentum in bond yields.
The Dow Jones Industrial Average dropped 413.04 points, or 1.19 percent, to 34,308.08. The S&P 500 fell 75.75 points, or 1.69 percent, to 4,412.53. The Nasdaq Composite Index shed 299.04 points, or 2.18 percent, to 13,411.96.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 15.17 percent to 24.37.
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 2,352.94, marking a 0.2-percent gain for the month-to-date returns and a 21-percent loss for the year-to-date returns.