U.S.-listed Chinese companies traded mostly lower on Tuesday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a low note.
Shares of SINA Corporation plunged over 9.4 percent, leading the laggards. Shares of JD.com and Baidu also tumbled nearly 6.8 percent and 6.4 percent, respectively.
However, education corporate stocks extended gains on Tuesday. Shares of New Oriental Education & Technology Group surged 8.3 percent, and shares of TAL Education Group rose 3.35 percent.
U.S. stocks ended lower on Tuesday, as fears deepened over a slowing global economy in 2019 amid lowered growth forecast by the International Monetary Fund and gloomy corporate forecasts for 2019 earnings.
The Dow Jones Industrial Average plunged 301.87 points, or 1.22 percent, to close at 24404.48. The S&P 500 dropped 37.81 points, or 1.42 percent, to 2,632.90. The Nasdaq Composite Index declined 136.87 points, or 1.91 percent to 7020.36.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 5.79 percent to 20.64 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,527.87, marking a 10.32-percent surge for the month-to-date returns and a 24.06-percent loss for the year-to-date returns.
Shares of SINA Corporation plunged over 9.4 percent, leading the laggards. Shares of JD.com and Baidu also tumbled nearly 6.8 percent and 6.4 percent, respectively.
However, education corporate stocks extended gains on Tuesday. Shares of New Oriental Education & Technology Group surged 8.3 percent, and shares of TAL Education Group rose 3.35 percent.
U.S. stocks ended lower on Tuesday, as fears deepened over a slowing global economy in 2019 amid lowered growth forecast by the International Monetary Fund and gloomy corporate forecasts for 2019 earnings.
The Dow Jones Industrial Average plunged 301.87 points, or 1.22 percent, to close at 24404.48. The S&P 500 dropped 37.81 points, or 1.42 percent, to 2,632.90. The Nasdaq Composite Index declined 136.87 points, or 1.91 percent to 7020.36.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 5.79 percent to 20.64 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,527.87, marking a 10.32-percent surge for the month-to-date returns and a 24.06-percent loss for the year-to-date returns.
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