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Asian Equities Traded in the US as American Depositary Receipts Decline
MT Newswires
Asian equities traded in the US as American depositary receipts were lower Wednesday morning, down 0.89% at 2,026.12 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by computer hardware company Canaan and biotech firm Zai Lab , which climbed 16% and 9.1% respectively. They were followed by video-based social platform JOYY and mobile healthcare platform 111 , which rose 7% and 3.8% respectively.
The decliners from North Asia were led by pet-focused platform Boqii and automotive ecommerce platform TuanChe , which fell 11% and 4.4% respectively. They were followed by automotive company Honda Motor and semiconductor company Himax Technologies , which dropped 3.7% and 2% respectively.
From South Asia, the gainers were led by IT firm Sify Technologies , which rose 3.3%, followed by tech conglomerate Sea and telecommunications firm Telekomunikasi Indonesia , which were up 2.2% and 0.2% respectively.
The decliners from South Asia were led by IT firm Infosys , which lost 0.7%, followed by Dr. Reddy's Laboratories and telecommunications operator PLDT , which were off 0.5% and 0.1% respectively.
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