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

MT Newswires Live
03/18

Asian equities traded in the US as American depositary receipts were tracking marginally lower Wednesday morning, declining 0.09% to 2,696.09 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by game live-streaming service HUYA (HUYA) and internet tech company Baidu (BIDU), which advanced 15% and 3.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company Himax Technologies (HIMX), which increased 3.3% and 2.9% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and consumer lender Eason Technology (DXF), which fell 8.7% and 4.6% respectively. They were followed by music streaming service Tencent Music Entertainment Group (TME) and pet-focused platform Boqii (BQ), which were down 4.2% and 3.1% respectively.

From South Asia, the only gainers were IT firms Sify Technologies (SIFY) and Infosys (INFY), which were up 1.6% and 1.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 2.2% and 1% respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were off 0.6% and 0.4% respectively.

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