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

MT Newswires Live07-17

Asian equities traded in the US as American depositary receipts were tumbling sharply lower Wednesday morning, falling 1.84% to 2,004.10 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and Takeda Pharmaceutical (TAK), which rose 4.5% and 3.1% respectively. They were followed by computer hardware maker Canaan (CAN) and utilities provider Korea Electric Power (KEP), which were up 2.1% and 2.9% respectively.

The decliners from North Asia were led by financial services company CNFinance (CNF) and mobile healthcare app 111 (YI), which fell 4.7% and 5.2% respectively. They were followed by polysilicon manufacturer Daqo New Energy (DQ) and used car ecommerce platform Uxin (UXIN), which lost 6.2% and 2.4% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT Firm Sify Technologies (SIFY), which increased by 4.7% and 5.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was up 0.1%.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN), which plunged 41%, followed by tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which lost 2.8% and 1.3% respectively, while financial services company ICICI Bank (IBN) was off 1%.

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