U.S.-listed Chinese companies traded mostly higher on Wednesday, with 7 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 Chinese e-commerce giant Alibaba and shares of TAL education group, surged 2.25 percent and 1.83 percent respectively, leading the advancers in the top 10 stocks of the index, while shares of BeiGene lost 1.08 percent as the biggest laggard among the 10 stocks.
Meanwhile, shares of JD.com, another Chinese e-commerce giant listed in the United States, lost 0.52 percent to close at 44.09 U.S. dollars on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 3289.78, marking a 1.25-percent gain for the month-to-date returns and a 6.43-percent increase for the year-to-date returns.
U.S. stocks shaved early gains to end lower on Wednesday as investors digested a batch of generally downbeat economic reports.
At the close, the Dow Jones Industrial Average dipped 248.91 points, or 1.00 percent, to 24,758.12. The S&P 500 decreased 15.83 point, or 0.57 percent, to 2,749.48. The Nasdaq Composite Index was down 14.20 points, or 0.19 percent, to 7,496.81.
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