NEW YORK, March 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with six 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 Pinduoduo and TAL Education Group slid 7.1 percent and 4.19 percent, respectively, leading the laggards in the top 10 stocks in the index.
Shares of Baidu and Alibaba Group Holding rose 3.88 percent and 2.82 percent, respectively, leading the gainers in the top 10 stocks.
U.S. stocks advanced on Wednesday as investors pored through a key policy decision from the Federal Reserve.
The Dow Jones Industrial Average increased 189.42 points, or 0.58 percent, to 33,015.37. The S&P 500 rose 11.41 points, or 0.29 percent, to 3,974.12. The Nasdaq Composite Index was up 53.64 points, or 0.40 percent, to 13,525.20.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 2.83 percent to 19.23.
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 5,569.33, marking a 3.07-percent loss for the month-to-date returns and a 6.6-percent gain for the year-to-date returns. Enditem
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