Asian Equities Traded in the US as American Depositary Receipts Drop Sharply in Wednesday Trading
Asian equities traded in the US as American depositary receipts were moving sharply lower Wednesday morning, declining 1.49% to 1,953.21 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by online education platform 51Talk Online Education Group (COE) and ad agency iClick Interactive Asia Group (ICLK), which climbed 13% and 7%, respectively. They were followed by pet-focused platform Boqii (BQ) and automotive ecommerce platform Cango (CANG), which rose 2.9% and 1.5%, respectively.
The decliners from North Asia were led by consumer lending firm Dunxin Financial (DXF) and diagnostic imaging centers company Concord Medical Services (CCM), which fell 14% and 8.2%, respectively. They were followed by online game developer The9 (NCTY) and property technology company Fangdd Network Group (DUO), which dropped 7.1% and 4.5%, respectively.
From South Asia, the lone gainer was business process management company WNS (WNS), which was up 0.8%.
The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which lost 14% and 5.8%, respectively. They were followed by telecommunications company Telekomunikasi Indonesia (TLK) and financial services firm HDFC Bank (HDB), which were down 2.1% and 1.3%, respectively.
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