U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.
Shares of BeiGene and Ctrip.com International advanced 8.32 percent and 4.16 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of NetEase and Alibaba Group Holding rose 2.58 percent and 2.35 percent, respectively, also among the best performers. Meanwhile, TAL Education Group stock closed unchanged.
U.S. stocks tumbled on Wednesday as steep losses in Apple shares coupled with a decline in major bank shares weighed on the market.
The Dow Jones Industrial Average decreased 205.99 points, or 0.81 percent, to 25,080.50. The S&P 500 was down 20.60 points, or 0.76 percent, to 2,701.58. The Nasdaq Composite Index slid 64.48 points, or 0.90 percent, to 7,136.39.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 6.14 percent to 21.25 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,405.94, marking a 3.49-percent decrease for the month-to-date returns and a 22.16-percent loss for the year-to-date returns.
Shares of BeiGene and Ctrip.com International advanced 8.32 percent and 4.16 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of NetEase and Alibaba Group Holding rose 2.58 percent and 2.35 percent, respectively, also among the best performers. Meanwhile, TAL Education Group stock closed unchanged.
U.S. stocks tumbled on Wednesday as steep losses in Apple shares coupled with a decline in major bank shares weighed on the market.
The Dow Jones Industrial Average decreased 205.99 points, or 0.81 percent, to 25,080.50. The S&P 500 was down 20.60 points, or 0.76 percent, to 2,701.58. The Nasdaq Composite Index slid 64.48 points, or 0.90 percent, to 7,136.39.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 6.14 percent to 21.25 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,405.94, marking a 3.49-percent decrease for the month-to-date returns and a 22.16-percent loss for the year-to-date returns.
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