U.S.-listed Chinese companies traded mostly lower on Wednesday, with seven 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 and JD.com slid 4.92 percent and 3.05 percent, respectively, leading the decliners in the top 10 stocks.
Shares of BeiGene and NetEase rose 0.34 percent and 0.05 percent, respectively, the only two gainers in the top 10 stocks. Shares of Trip.com Group closed flat.
Wall Street's major averages dipped on Wednesday, weighed by overall weakness in tech-related stocks.
The Dow Jones Industrial Average fell 207.68 points, or 0.61 percent, to 33,949.01. The S&P 500 sank 46.14 points, or 1.11 percent, to 4,117.86. The Nasdaq Composite Index shed 203.27 points, or 1.68 percent, to 11,910.52.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 5.2 percent to 19.63.
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 2,913.38, marking a 0.09-percent rise for the month-to-date returns and a 13.37-percent increase for the year-to-date returns.
