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

MT Newswires Live
02/25

Asian equities traded in the US as American depositary receipts were retreating Wednesday morning, edging 0.3% lower to 2,981.58 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and travel company Tuniu (TOUR), which climbed 6.5% and 5.3% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and live video-streaming service DouYu International (DOYU), which advanced 4% and 3.9% respectively.

The decliners from North Asia were led by online game developer The9 (NCTY) and streaming music service Tencent Music Entertainment Group (TME), which fell 3.6% and 3.5% respectively. They were followed by fintech firm LexinFintech (LX) and brand platform Baozun (BZUN), which were down 3.3% and 2.2% respectively.

From South Asia, the gainers were led by IT firm Infosys (INFY), which was 1.6% higher, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 0.9% and 0.8% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE), which was down 3.5%, followed by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.9% and 1.7% respectively.

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