NEW YORK, May 29 (Xinhua) -- 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 ZTO Express and Alibaba Group Holding Limited fell 1.69 percent and 1.51 percent respectively, leading the losers in the top 10 stocks of the index.
Shares of 58.com and New Oriental Education & Technology Group rose 3.09 percent and 0.51 percent respectively, leading the gainers in the top 10 stocks of the index.
U.S. stocks traded lower on Wednesday, as slumps in U.S. long-term government debt yields aggravated investors' angst over U.S. economic outlook and lingering U.S.-China trade frictions.
The Dow Jones Industrial Average was down 221.36 points, or 0.87 percent, to 25,126.41. The S&P 500 fell 19.37 points, or 0.69 percent, to 2,783.02. The Nasdaq Composite Index fell 60.04 points, or 0.79 percent, to 7,547.31.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.29 percent to 17.9 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,547.41, marking a 15.53-percent decrease for the month-to-date returns and an 11.18-percent gain for the year-to-date returns. Enditem