NEW YORK, May 1 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with eight 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 Yum China Holdings slid 4.27 percent, leading the decliners in the top 10 stocks of the index.
Shares of both New Oriental Education & Technology Group and Ctrip.com International sank more than 1 percent, also among the worst performers.
Shares of Alibaba Group Holding and NetEase rose 2.02 percent and 0.3 percent, respectively, the only two gainers in the top 10 stocks of the index.
U.S. stocks finished lower on Wednesday as Wall Street digested the Federal Reserve's latest announcement on monetary policy.
The Dow Jones Industrial Average decreased 162.77 points, or 0.61 percent, to 26,430.14. The S&P 500 was down 22.10 points, or 0.75 percent, to 2,923.73. The Nasdaq Composite Index dropped 45.75 points, or 0.57 percent, to 8,049.64.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 12.80 percent to 14.80 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,015.73, marking a 4.95-percent increase for the month-to-date returns and a 31.62-percent gain for the year-to-date returns. Enditem
