U.S.-listed Chinese companies traded mostly lower on Thursday 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 Ctrip.com International and Baidu, Inc. slid 6.27 percent and 4.40 percent, respectively, leading the laggards in the top 10 stocks of the index. Shares of Alibaba Group and NetEase dropped 4.13 percent and 4.09 percent, respectively, also among the biggest losers.
Shares of Yum China Holdings rose 0.74 percent, the only gainer in the top 10 stocks of the index.
U.S. stocks fell sharply on Thursday as market sentiment was dented by increasing concerns over global growth.
The Dow Jones Industrial Average fell 327.23 points, or 1.27 percent, to 25,379.45. The S&P 500 declined 40.43 points, or 1.44 percent, to 2,768.78. The Nasdaq Composite Index decreased 157.56 points, or 2.06 percent, to 7,485.14.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 15.29 percent to 20.06 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,505.42, marking a 9.93-percent decrease for the month-to-date returns and a 18.95 -percent loss for the year-to-date returns. Enditem
Shares of Ctrip.com International and Baidu, Inc. slid 6.27 percent and 4.40 percent, respectively, leading the laggards in the top 10 stocks of the index. Shares of Alibaba Group and NetEase dropped 4.13 percent and 4.09 percent, respectively, also among the biggest losers.
Shares of Yum China Holdings rose 0.74 percent, the only gainer in the top 10 stocks of the index.
U.S. stocks fell sharply on Thursday as market sentiment was dented by increasing concerns over global growth.
The Dow Jones Industrial Average fell 327.23 points, or 1.27 percent, to 25,379.45. The S&P 500 declined 40.43 points, or 1.44 percent, to 2,768.78. The Nasdaq Composite Index decreased 157.56 points, or 2.06 percent, to 7,485.14.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 15.29 percent to 20.06 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,505.42, marking a 9.93-percent decrease for the month-to-date returns and a 18.95 -percent loss for the year-to-date returns. Enditem
Latest comments