U.S.-listed Chinese companies traded mostly lower on Monday 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 Ctrip.com International and Alibaba Group slid 6.42 percent and 2.13 percent, respectively, leading the laggards in the top 10 stocks of the index.
Shares of TAL Education Group and New Oriental Education & Technology Group rose 1.23 percent and 0.1 percent, respectively, the only two gainers in the top 10 stocks of the index.
U.S. stocks tumbled on Monday as major tech shares dropped, weighing on the market.
The Dow Jones Industrial Average fell 89.44 points, or 0.35 percent, to 25,250.55. The S&P 500 was down 16.34 points, or 0.59 percent, to 2,750.79. The Nasdaq Composite Index decreased 66.15 points, or 0.88 percent, to 7,430.74.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 0.05 percent to 21.30 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,547.86, marking a 8.40-percent decrease for the month-to-date returns and a 17.57-percent loss for the year-to-date returns.
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