Shares of NIO and XPeng rose 3.65 percent and 3.4 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of Alibaba Group Holding and JD.com slipped 1.28 percent and 1.06 percent, respectively, leading the laggards in the top 10 stocks.
U.S. stocks rose on Tuesday as investors responded to a slew of positive earnings reports.
The Dow Jones Industrial Average jumped 499.51 points, or 1.45 percent, to 34,911.20. The S&P 500 rose 70.52 points, or 1.61 percent, to 4,462.21. The Nasdaq Composite Index increased 287.30 points, or 2.15 percent, to 13,619.66.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.61 percent to 21.37.
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 2,276.07, marking a 3.08-percent slide for the month-to-date returns and a 23.58-percent loss for the year-to-date returns.
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