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

MT Newswires Live08-21

Asian equities traded in the US as American depositary receipts were trending higher Wednesday morning, rising 1% to 1,985.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online discount retailer Vipshop (VIPS) and utilities company Korea Electric Power (KEP), which climbed 7.1% and 5.2% respectively. They were followed by education company Four Seasons Education (FEDU) and property technology company Fangdd Network Group (DUO), which rose 4.7% and 4.6% respectively.

The decliners from North Asia were led by ecommerce company JD.com (JD) and mobile big data platform Aurora Mobile (JG), which dropped 5.8% and 3.6% respectively. They were followed by media company Phoenix New Media (FENG) and pet-focused platform Boqii (BQ), which lost 2.8% and 1.6% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 1.5% and 0.8% respectively. They were followed by IT company Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.7% and 0.5% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which fell 3.9%, followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were off 0.7% and 0.1% respectively.

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