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

MT Newswires Live
03/04

Asian equities traded in the US as American depositary receipts were modestly higher Wednesday morning, rising 0.30% to 2,790.11 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lended Eason Technology (DXF) and computer hardware maker Canaan (CAN), which climbed 19% and 9%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and biopharmaceutical firm Zai Lab (ZLAB), which advanced 7.3% and 6.4%, respectively.

The decliners from North Asia were led by thin-film liquid display maker LG Display (LPL) and fintech firm AMTD Digital (HKD), which dropped 9% and 4.9% respectively. They were followed by lender CNFinance (CNF) and automotive marketplace Cango (CANG), which lost 3% and 1.8% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which rose 4.3% and 1.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were up 0.7% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which fell 3.1% and 2% respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were down 1.1% and 0.6% respectively.

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