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

MT Newswires Live10-02

Asian equities traded in the US as American depositary receipts were moving higher Wednesday morning, rising 0.62% to 2,137.26 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online brokerage UP Fintech (TIGR) and financial services company CNFinance (CNF), which surged 31% and 22%, respectively. They were followed by property technology company Fangdd Network Group (DUO) and consumer lending firm LexinFintech (LX), which advanced 19% and 15%, respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin (UXIN) and education company 51Talk Online Education Group (COE), which fell 5.4% and 4.7%, respectively. They were followed by thin-film liquid display maker LG Display (LPL) and utilities company Korea Electric Power (KEP), which dropped 1.4% each.

From South Asia, the lone gainer was business process management company WNS (WNS), which rose 1%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 3.2% and 3%, respectively. They were followed by IT firms Sify Technologies (SIFY) and Wipro (WIT), which were down 2.1% and 1.1%, respectively.

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