NEW YORK, March 27 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with six 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 Baidu fell 1.74 percent, and shares of both 58.com and TAL Education Group dropped 1.28 percent, leading the losers in the top 10 stocks of the index.
Shares of Ctrip.com International and Yum China Holdings rose 3.73 percent and 1.94 percent, respectively, leading the gainers in the top 10 stocks of the index.
U.S. stocks closed lower on Wednesday, as investor sentiment continued to be dampened by a persistent inverted yield curve, as long-term U.S. Treasury bills kept falling throughout the day.
The Dow Jones Industrial Average was down 32.14 points, or 0.13 percent, to 25,625.59. The S&P 500 fell 13.09 points, or 0.46 percent, to 2,805.37. The Nasdaq Composite Index was down 48.15 points, or 0.63 percent, to 7,643.38.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 3.2 percent to 15.15 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,765.66, marking a 1.13-percent increase for the month-to-date returns and a 20.70-percent gain for the year-to-date returns.
Shares of Baidu fell 1.74 percent, and shares of both 58.com and TAL Education Group dropped 1.28 percent, leading the losers in the top 10 stocks of the index.
Shares of Ctrip.com International and Yum China Holdings rose 3.73 percent and 1.94 percent, respectively, leading the gainers in the top 10 stocks of the index.
U.S. stocks closed lower on Wednesday, as investor sentiment continued to be dampened by a persistent inverted yield curve, as long-term U.S. Treasury bills kept falling throughout the day.
The Dow Jones Industrial Average was down 32.14 points, or 0.13 percent, to 25,625.59. The S&P 500 fell 13.09 points, or 0.46 percent, to 2,805.37. The Nasdaq Composite Index was down 48.15 points, or 0.63 percent, to 7,643.38.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 3.2 percent to 15.15 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,765.66, marking a 1.13-percent increase for the month-to-date returns and a 20.70-percent gain for the year-to-date returns.
Latest comments