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

MT Newswires Live08-28

Asian equities traded in the US as American depositary receipts were trending modestly lower Wednesday morning, declining 0.35% to 1,947.80 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center service provider VNET Group (VNET) and education company 17 Education & Technology Group (YQ), which advanced 17% and 4.9%, respectively. Online education platform 51Talk Online Education Group (COE) was up 4.4% and online game developer The9 (NCTY) added 3.2%.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and financial services company CNFinance (CNF), which fell 6.9% and 5.4%, respectively. They were followed by electric vehicle maker NIO (NIO) and e-commerce brand platform Baozun (BZUN), which dropped 4.9% and 4.8%, respectively.

From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which increased 2.9% each. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and business process management company WNS (WNS), which were up 1.3% and 1%, respectively.

The decliners from South Asia were led by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which lost 2% and 1.4%, respectively. Tech conglomerate Sea (SE) was off 0.6% and financial services company HDFC Bank (HDB) lost 0.4%.

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Online education platform 51Talk Online Education Group (COE) was up 4.4% and online game developer The9 (NCTY) added 3.2%.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and financial services company CNFinance (CNF), which fell 6.9% and 5.4%, respectively. They were followed by electric vehicle maker NIO (NIO) and e-commerce brand platform Baozun (BZUN), which dropped 4.9% and 4.8%, respectively.From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which increased 2.9% each. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and business process management company WNS (WNS), which were up 1.3% and 1%, respectively.The decliners from South Asia were led by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which lost 2% and 1.4%, respectively. Tech conglomerate Sea (SE) was off 0.6% and financial services company HDFC Bank (HDB) lost 0.4%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462462466"}