NEW YORK, Jan. 26 (Xinhua) -- U.S.-listed Chinese companies traded lower on Wednesday with all 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 Pinduoduo and Bilibili tumbled 9.11 percent and 6.14 percent, respectively, leading the losses in the top 10 stocks in the index.

Shares of Alibaba Group Holding and NIO dipped 4.84 percent and 4.75 percent, respectively, also among the worst performers in the top 10 stocks.

U.S. stocks closed mixed on Wednesday as investors parsed the Federal Reserve's latest statement.

The Dow Jones Industrial Average fell 129.64 points, or 0.38 percent, to 34,168.09. The S&P 500 was down 6.52 points, or 0.15 percent, to 4,532.76. The Nasdaq Composite Index climbed 2.82 points, or 0.02 percent, to 13,542.12.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 2.57 percent to 31.96.

As of Tuesday, 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 2,748.35, marking a 7.73-percent slide for the month-to-date returns and a 7.73-percent loss for the year-to-date returns. Enditem

Related

Go to Forum >>0 Comment(s)