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

MT Newswires Live
05/20

Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.63% to 2,846.43 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by real estate and digital security company Eason Technology (DXF) and mobile big data provider Aurora Mobile (JG), which advanced 10% and 1.9% respectively. They were followed by solar panel maker JinkoSolar (JKS) and fintech firm LexinFintech (LX), which increased 1.7% and 1.2% respectively.

The decliners from North Asia were led by online entertainment platform Bilibili (BILI) and utilities company Korea Electric Power (KEP), which fell 6.2% and 5.3% respectively. They were followed by automotive marketplaces Token Cat (TC) and Autohome (ATHM), which were down 5% and 2.3% respectively.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 5.2% and 1.5% respectively. They were followed by lender ICICI Bank (IBN) and IT firm Sify Technologies (SIFY), which were up 0.6% and 0.5% respectively.

The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which dropped 14% and 2.6% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which lost 2% and 0.4% respectively.

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