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

MT Newswires Live
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Asian equities traded in the US as American depositary receipts were trending higher Wednesday morning, rising 0.51% to 2,703.37 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and computer hardware maker Canaan (CAN), which climbed 8.7% and 7.7% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and used car marketplace Uxin (UXIN), which advanced 7.3% and 5.1% respectively.

The decliners from North Asia were led by lender CNFinance (CNF) and fintech firm Maase (MAAS), which fell 5.5% and 4.3% respectively. They were followed by media company Phoenix New Media (FENG) and technology and real-estate company Eason Technology (DXF), which were down 3.5% and 3.1% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunication operator Telekomunikasi Indonesia (TLK), which rose 2.1% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which were up 1.4% and 1% respectively.

The only decliners from South Asia were lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.8% and 0.3% respectively.

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