Asian equities traded in the US as American depositary receipts were modestly higher Wednesday morning, rising 0.15% to 2,260.96 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by media company Phoenix New Media (FENG) and fintech firm Pintec Technology (PT), which advanced 6.5% and 5.3%, respectively. They were followed by ecommerce company Baidu (BIDU) and solar project developer Emeren Group (SOL), which rose 3.9% and 3.5%, respectively.
The decliners from North Asia were led by automotive marketplace Token Cat (TC) and video streaming service iQIYI (IQ), which fell 8% and 5.8%, respectively. They were followed by financial services company CNFinance (CNF) and computer hardware maker Canaan (CAN), which dropped 4.7% and 3.9%, respectively.
From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 0.8%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which were up 0.5% and 0.2%, respectively.
The decliners from South Asia were led by telecommunications operator PLDT (PHI) and IT company Wipro (WIT), which lost 0.9% and 0.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank (IBN), which were off 0.5% and 0.4%, respectively.
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