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

MT Newswires Live08-14

Asian equities traded in the US as American depositary receipts were moving lower Wednesday morning, declining 0.93% to 1,900.85 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform TuanChe (TC) and personal credit institution company Qifu Technology (QFIN), which climbed 8.7% and 7.9% respectively. They were followed by online game developer The9 (NCTY) and automotive ecommerce platform Cango (CANG), which rose 10.2% and 3.5% respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial (DXF) and fintech firm AMTD Digital (HKD), which fell 1.1% and 5.8% respectively. They were followed by brand platform 36Kr (KRKR) and video-sharing platform Bilibili (BILI), which dropped 7.7% and 4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 2.3% and 0.5% respectively. They were followed by business process management company WNS (WNS) and financial services company HDFC Bank (HDB), which increased 0.6% and 0.1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which lost 4.2% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which were down 2.2% and 0.1% respectively.

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