NEW YORK, May 29 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday, 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 dropped 2.39 percent and 2.11 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of BeiGene rose 1.45 percent as the biggest advancer among the 10 stocks.

At Tuesday's close, shares of Alibaba and shares of Baidu, another two Chinese tech giants listed in the U.S. equity market, dipped 0.60 percent and 0.72 percent, respectively.

U.S. stocks closed lower on Tuesday as investors digested the latest economic data while keeping a close eye on Italy's political situation.

At the close, the Dow Jones Industrial Average was down 391.64 points, or 1.58 percent, to 24,361.45. The S&P 500 was down 31.47 points, or 1.16 percent, to 2,689.86. The Nasdaq Composite Index fell 37.26 points, or 0.50 percent, to 7,396.59.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, surged 28.74 percent to 17.02 on Tuesday.

U.S. stock markets were closed on Monday in observance of the Memorial Day.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,174.24, marking a 3.68-percent gain for the month-to-date returns and a 2.69-percent increase for the year-to-date returns. Enditem