Shares of Baidu and 58.com slid 8.39 percent and 6 percent, respectively, leading the decliners in the top 10 stocks of the index. Stock of Alibaba Group Holding slipped 5.26 percent, also among the worst performers. ZTO Express gained 0.5 percent, the only gainer in the top 10 stocks of the index.
U.S. stocks extended losses on Monday as the market was dragged down by a steep sell-off in tech-related shares.
The Dow Jones Industrial Average fell 84.10 points, or 0.33 percent, to 25,679.90. The S&P 500 dipped 19.30 points, or 0.67 percent, to 2,840.23. The Nasdaq Composite Index was down 113.91 points, or 1.46 percent, to 7,702.38.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.19 percent to 16.31 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,735.93, marking a 9.28-percent decrease for the month-to-date returns and a 19.40-percent gain for the year-to-date returns.
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