Asian equities traded in the US as American depositary receipts jumped 3.20% on the S&P Asia 50 ADR Index to 2,468.43 Wednesday morning after the US announced a trade deal with Japan.
From North Asia, the gainers were led by fintech firm LexinFintech (LX) and automaker Honda Motor (HMC), which climbed 13% and 12% respectively. They were followed by financial services companies Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), which advanced 5.9% and 5.7% respectively.
The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and solar panel maker JinkoSolar (JKS), which fell 4.4% and 2% respectively. They were followed by automotive marketplace Cango (CANG) and fintech company Pintec Technology (PT), which dropped 1.7% and 0.8% respectively.
From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which rose 2.4% each. They were followed by IT firm Wipro (WIT) and financial services company HDFC Bank (HDB), which were up 1.5% and 0.4% respectively.
The lone decliner from South Asia was telecommunications operator PLDT (PHI), which was off 0.3%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.