Shares of Baidu shed 8.55 percent, leading the decliners in the top 10 stocks.
NetEase and JD.com slid 7.88 percent and 7.87 percent, respectively, also among the worst performers in the top 10 stocks in the index.
U.S. stocks extended losses on Thursday with the Dow closing down nearly 10 percent, as panic sell-off accelerated amid escalating coronavirus fears.
The Dow Jones Industrial Average fell 2,352.60 points, or 9.99 percent, to 21,200.62. The S&P 500 decreased 260.74 points, or 9.51 percent, to end at 2,480.64. The Nasdaq Composite Index shed 750.25 points, or 9.43 percent, to 7,201.80.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 40.02 percent to 75.47 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,070.30, marking a 2.68-percent decrease for the month-to-date returns and a 3.06-percent dip for the year-to-date returns.
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