NEW YORK, Dec. 6 (Xinhua) — U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.

Shares of Alibaba Group Holding and Baidu surged 10.4 percent and 7.47 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of BeiGene and JD.com fell 4.75 percent and 3.54 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished noticeably higher on Monday as concerns over the COVID-19 Omicron variant eased.

The Dow Jones Industrial Average jumped 646.95 points, or 1.87 percent, to 35,227.03. The S&P 500 rose 53.24 points, or 1.17 percent, to 4,591.67. The Nasdaq Composite Index increased 139.68 points, or 0.93 percent, to 15,225.15.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 11.38 percent to 27.18.

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 2,969.4, marking an 11.8-percent loss for the month-to-date returns and a 43.17-percent slide for the year-to-date returns.