U.S.-listed Chinese companies traded mostly higher on March 23 with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Bilibili and Pinduoduo climbed 5.45 percent and 3.93 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Yum China Holdings and JD.com slipped 5.03 percent and 0.68 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks sank on Wednesday as a spike in oil prices fueled fears about higher inflation.

The Dow Jones Industrial Average fell 448.96 points, or 1.29 percent, to 34,358.50. The S&P 500 decreased 55.37 points, or 1.23 percent, to 4,456.24. The Nasdaq Composite Index was down 186.22 points, or 1.32 percent, to 13,922.60.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 2.75 percent to 23.57.

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 2,552.23, marking a 5.09-percent slide for the month-to-date returns and a 14.31-percent loss for the year-to-date returns.