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

MT Newswires Live07-03

Asian equities traded in the US as American depositary receipts were higher in Wednesday trading, rising 1.04% to 2,008.61 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by live game-streaming platform DouYu International (DOYU) and automotive ecommerce platform TuanChe (TC), which surged 35% and 15% respectively. They were followed by live game-streaming platform HUYA (HUYA) and internet and data center services provider VNET Group (VNET), which climbed 9.7 and 7.6% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ), which fell 12%. It was followed by financial services company Dunxin Financial (DXF) and wealth management firm Noah (NOAH), which declined 2.7% and 2.3% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN), which rose 2.3%. It was followed by tech group Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.3% and 0.8% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and financial services company HDFC Bank (HDB), which lost 8.1% and 0.7% respectively. They were followed by IT firm Wipro (WIT), which was off 0.3%.

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