Asian equities traded in the US as American depositary receipts were surging sharply higher Wednesday morning, rising 2.12% to 1,979.76 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by consumer lending firm Dunxin Financial (DXF) and property technology company Fangdd Network Group (DUO), which climbed 8.7% and 8%, respectively. They were followed by solar project developer Emeren Group (SOL) and financial services company Shinhan Financial Group (SHG), which advanced 7.8% and 5.3%, respectively.
The decliners from North Asia were led by brand platform 36Kr (KRKR) and mobile app developer Cheetah Mobile (CMCM), which fell 9.8% and 4.6%, respectively. They were followed by fintech firm Jiayin Group (JFIN) and diagnostic imaging centers company Concord Medical Services (CCM), which dropped 2.9% and 2.1%, respectively.
From South Asia, the gainers were led by business process management company WNS (WNS) and financial services company HDFC Bank (HDB), which increased 2.9% and 1.6%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.5% and 1%, respectively.
The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which fell 11%, followed by telecommunications operator PLDT (PHI) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 0.5% each. IT firm Infosys (INFY) was off 0.03%.
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