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U.S.-listed Chinese firms trade mostly lower

NEW YORK
2018-10-18 09:12

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U.S.-listed Chinese companies traded mostly lower on Wednesday with nine 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 JD.com and TAL Education Group slid 3.86 percent and 2.15 percent, respectively, leading the laggards in the top 10 stocks of the index. Shares of NetEase and New Oriental Education & Technology Group both dropped 1.88 percent, also among the biggest losers.

Shares of Ctrip.com International climbed 1.33 percent, the only gainer in the top 10 stocks of the index.

U.S. stocks ended lower on Wednesday after a robust previous session, as volatile trading continued in the latest earnings season.

The Dow Jones Industrial Average declined 91.74 points, or 0.36 percent, to 25,706.68. The S&P 500 decreased 0.71 points, or 0.03 percent, to 2,809.21. The Nasdaq Composite Index was down 2.79 points, or 0.04 percent, to 7,642.70.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 1.25 percent to 17.40 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,554.88, marking a 8.15-percent decrease for the month-to-date returns and a 17.35 -percent loss for the year-to-date returns. 
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