U.S.-listed Chinese companies traded mostly lower on Monday with all 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 Alibaba Group and BeiGene slid 6.64 percent and 5.88 percent, respectively, leading the laggards in the top 10 stocks of the index. Shares of TAL Education Group and SINA Corporation dropped 4.34 percent and 3.78 percent, respectively, also among the biggest losers.
U.S. stocks ended lower on Monday, erasing handsome gains in early trading, as a decline in tech shares weighed on the market.
The Dow Jones Industrial Average fell 245.39 points, or 0.99 percent, to 24,442.92. The S&P 500 decreased 17.44 points, or 0.66 percent, to 2,641.25. The Nasdaq Composite Index dropped 116.92 points, or 1.63 percent, to 7,050.29.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.24 percent to 24.70 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,384.15, marking a 14.29-percent decrease for the month-to-date returns and a 22.87-percent loss for the year-to-date returns.
Shares of Alibaba Group and BeiGene slid 6.64 percent and 5.88 percent, respectively, leading the laggards in the top 10 stocks of the index. Shares of TAL Education Group and SINA Corporation dropped 4.34 percent and 3.78 percent, respectively, also among the biggest losers.
U.S. stocks ended lower on Monday, erasing handsome gains in early trading, as a decline in tech shares weighed on the market.
The Dow Jones Industrial Average fell 245.39 points, or 0.99 percent, to 24,442.92. The S&P 500 decreased 17.44 points, or 0.66 percent, to 2,641.25. The Nasdaq Composite Index dropped 116.92 points, or 1.63 percent, to 7,050.29.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.24 percent to 24.70 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,384.15, marking a 14.29-percent decrease for the month-to-date returns and a 22.87-percent loss for the year-to-date returns.
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