Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Wednesday Trading

MT Newswires Live
04-30

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.86% to 2,107.42 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by financial services company CNFinance (CNF) and solid state storage company Silicon Motion Technology (SIMO), which surged 23% and 14%, respectively. They were followed by brand platform 36Kr (KRKR) and education company 17 Education & Technology Group (YQ), which climbed 13% and 2.5%, respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and computer hardware maker Canaan (CAN), which fell 8.6% and 8.1%, respectively. They were followed by solar project developer Emeren Group (SOL) and solar panel maker JinkoSolar (JKS), which dropped 3.7% and 2.7%, respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank (HDB), which were up 0.2% and 0.1%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which lost 3.6% and 2.9%, respectively. They were followed by IT firms Wipro (WIT) and Infosys Limted (INFY), which were down 1.7% and 0.9%, respectively.

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