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

MT Newswires Live09-18

Asian equities traded in the US as American depositary receipts edged higher Wednesday morning with the S&P Asia 50 ADR Index up 0.2% to 1,926.59.

From North Asia, the gainers were led by brand management platform 36Kr (KRKR) and education company 17 Education & Technology Group (YQ), which rose 9.8% and 2.9% respectively. They were followed by fintech firms Jiayin Group (JFIN) and Pintec Technology (PT), which were up 2.5% and 2% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe (TC) and electric vehicle maker NIO (NIO), which fell 6.7% and 3.8% respectively. They were followed by mobile healthcare platform 111 (YI) and property technology company Fangdd Network Group (DUO), which dropped 3.1% and 2.9% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and financial services company ICICI Bank (IBN), which increased 1.5% and 1.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank (HDB), which were up 1.1% and 0.2% respectively.

The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which lost 2.1% and 1.8% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which were down 1.6% and 1.4% respectively.

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