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

MT Newswires Live
Yesterday

Asian equities traded in the US as American depositary receipts were tracking marginally lower Wednesday morning, declining 0.09% to 2,696.09 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by game live-streaming service HUYA (HUYA) and internet tech company Baidu (BIDU), which advanced 15% and 3.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company Himax Technologies (HIMX), which increased 3.3% and 2.9% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and consumer lender Eason Technology (DXF), which fell 8.7% and 4.6% respectively. They were followed by music streaming service Tencent Music Entertainment Group (TME) and pet-focused platform Boqii (BQ), which were down 4.2% and 3.1% respectively.

From South Asia, the only gainers were IT firms Sify Technologies (SIFY) and Infosys (INFY), which were up 1.6% and 1.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 2.2% and 1% respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were off 0.6% and 0.4% respectively.

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