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

MT Newswires Live
Nov 19

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.

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