NEW YORK, April 26 (Xinhua) -- U.S.-listed Chinese companies traded lower on Tuesday with all 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 XPeng sank 6.28 percent and 6.2 percent, respectively, leading the losses in the top 10 stocks in the index.
Shares of NIO and Baidu dipped 5.49 percent and 3.98 percent, respectively, also among the worst performers in the top 10 stocks.
U.S. stocks plunged on Tuesday with the tech-heavy Nasdaq closing down nearly 4 percent, as heavy selling intensified on Wall Street.
The Dow Jones Industrial Average tumbled 809.28 points, or 2.38 percent, to 33,240.18. The S&P 500 fell 120.92 points, or 2.81 percent, to 4,175.20. The Nasdaq Composite Index shed 514.11 points, or 3.95 percent, to 12,490.74.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 24.06 percent to 33.52.
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 2,169.67, marking a 7.61-percent slide for the month-to-date returns and a 27.15-percent loss for the year-to-date returns.