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

MT Newswires Live06-26

Asian equities traded in the US as American depositary receipts were edging lower Wednesday morning, declining 0.23% to 1,954.82 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media (FENG) and mobile app developer Cheetah Mobile (CMCM), which rose 5.7% and 5.5% respectively. They were followed by online game developer The9 (NCTY) and electric vehicle maker NIO (NIO), which increased 5% and 4.5% respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial (DXF) and brand platform 36Kr (KRKR), which fell 7.8% and 5.4% respectively. They were followed by property technology firm Fangdd Network Group (DUO), which fell 1.6%.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which climbed 6.8%, followed by telecommunications operator PLDT (PHI) and tech conglomerate Sea (SE), which rose 1% each. Telecommunications operator Telekomunikasi Indonesia (TLK) was up 0.6%.

The decliners from South Asia were led by business process management company WNS (WNS) and IT firm Infosys (INFY), which dropped 1.8% and 0.8% respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Wipro (WIT), which were off 0.6% and 0.5% respectively.

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