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

MT Newswires Live
Jul 16

Asian equities traded in the US as American depositary receipts were lower Wednesday morning, declining 1.0% to 2,329.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and computer hardware maker Canaan (CAN), which climbed 16% and 7.6%, respectively. They were followed by brand platform Baozun (BZUN) and online game developer The9 (NCTY), which advanced 7.4% and 3.9%, respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and ecommerce company Baidu (BIDU), which fell 9% and 7.1%, respectively. They were followed by electric vehicle maker NIO (NIO) and online brokerage UP Fintech (TIGR), which dropped 5.1% and 4%, respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which rose 7.1% and 1.9%, respectively. They were followed by IT company Infosys (INFY) and tech conglomerate Sea (SE), which were up 0.9% and 0.4%, respectively.

The decliners from South Asia were led by financial services company ICICI Bank (IBN), which lost 0.3%. It was followed by financial services company HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.1% each.

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