Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, gaining 0.34% to 2,637.98 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by travel company Tuniu (TOUR) and fintech firm Chaince Digital (CD), which rose 4.3% and 2.8%, respectively. They were followed by fintech firm Pintec Technology (PT) and mobile app developer Cheetah Mobile (CMCM), which were up 2.6% and 2.5%, respectively.
The decliners from North Asia were led by credit-tech platform Qfin (QFIN) and fintech company LexinFintech (LX), which shed 13% and 9%, respectively. They were followed by internet and data center operator VNET Group (VNET) and utilities company Korea Electric Power (KEP), which dropped 6.4% and 4.2%, respectively.
From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which advanced 2.5% and 2.1%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.3% and 0.3%, respectively.
The decliners from South Asia were led by IT company Sify Technologies (SIFY) and tech conglomerate Sea (SE), which fell 1.3% and 0.7%, respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were off 0.3% and 0.1%, respectively.