Shares of TAL Education Group and New Oriental Education & Technology Group sank 5.11 percent and 4.57 percent, respectively, leading the laggards in the top 10 stocks in the index.
Shares of Alibaba Group Holding climbed 0.07 percent, the only gainer in the top 10 stocks.
U.S. stocks fell on Thursday as a decline in major tech shares weighed on the market.
The Dow Jones Industrial Average decreased 353.51 points, or 1.31 percent, to close at 26,652.33. The S&P 500 was down 40.36 points, or 1.23 percent, to 3,235.66. The Nasdaq Composite Index shed 244.71 points, or 2.29 percent, to 10,461.42.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 7.24 percent to 26.08.
As of Wednesday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,196.41, marking a 5.79-percent increase for the month-to-date returns and a 32.49-percent gain for the year-to-date returns.
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