U.S.-listed Chinese firms trade lower
NEW YORK, March 6 (Xinhua) -- U.S.-listed Chinese companies traded Lower on Wednesday with six of the top 10 stocks by weight in the SP U.S. Listed China 50 index ending the day on a downbeat note.
Shares of BeiGene and SINA Corporation fell 3.96 percent and 2.90 percent respectively, leading the losers in the top 10 stocks of the index.
Shares of Ctrip.com International and Baidu, however, rose 1.62 percent and 1.49 percent respectively, leading the advancers.
U.S. stocks ended Lower on Wednesday, as investors digested the latest beige book of U.S. Federal Reserves and a batch of gloomy economic data.
The Dow Jones Industrial Average was down 133.17 points, or 0.52 percent, to 25,673.46. The SP 500 decreased 18.20 points, or 0.65 percent, to 2,771.45. The Nasdaq Composite Index was down 70.44 points, or 0.93 percent, to 7,505.92.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 6.78 percent to 15.74 on Wednesday.
As of Tuesday, the SP U.S. Listed China 50 index stood at 2,834.79, marking a 3.66-percent increase for the month-to-date returns and a 23.72-percent gain for the year-to-date returns.