U.S.-listed Chinese companies traded mostly lower on Wednesday, with seven 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 TAL Education Group and shares of Alibaba, dropped 4.51 percent and 1.83 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of BeiGene, Ltd. rose 2.93 percent as the biggest advancer among the 10 stocks.
Shares of Baidu and shares of JD.com, another two Chinese famous tech companies listed in the U.S. equity market, fell 1.73 percent and 1.11 percent respectively, on Wednesday.
U.S. stocks ended lower on Wednesday after volatile trading as Wall Street pondered over the Federal Reserve's decision to hike interest rates for the first time in 2018.
The U.S. central bank on Wednesday raised the benchmark interest rate by 25 basis points and signaled two more rate hikes in 2018, citing "strengthened" economic outlook in recent months.
At the close, the Dow Jones Industrial Average was down 44.96 points, or 0.18 percent, to 24,682.31. The S&P 500 fell 5.01 points, or 0.18 percent, to 2,711.93. The Nasdaq Composite Index fell 19.02 points, or 0.26 percent, to 7,345.29.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, lost 1.87 percent to 17.86 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,362.61, marking a 3.50-percent gain for the month-to-date returns and an 8.79-percent increase for the year-to-date returns.
Shares of TAL Education Group and shares of Alibaba, dropped 4.51 percent and 1.83 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of BeiGene, Ltd. rose 2.93 percent as the biggest advancer among the 10 stocks.
Shares of Baidu and shares of JD.com, another two Chinese famous tech companies listed in the U.S. equity market, fell 1.73 percent and 1.11 percent respectively, on Wednesday.
U.S. stocks ended lower on Wednesday after volatile trading as Wall Street pondered over the Federal Reserve's decision to hike interest rates for the first time in 2018.
The U.S. central bank on Wednesday raised the benchmark interest rate by 25 basis points and signaled two more rate hikes in 2018, citing "strengthened" economic outlook in recent months.
At the close, the Dow Jones Industrial Average was down 44.96 points, or 0.18 percent, to 24,682.31. The S&P 500 fell 5.01 points, or 0.18 percent, to 2,711.93. The Nasdaq Composite Index fell 19.02 points, or 0.26 percent, to 7,345.29.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, lost 1.87 percent to 17.86 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,362.61, marking a 3.50-percent gain for the month-to-date returns and an 8.79-percent increase for the year-to-date returns.
Latest comments