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

MT Newswires Live10-16

Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.97% to 2,096.25 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and internet and data center services provider VNET Group (VNET), which rose 8.7% and 7.9% respectively. They were followed by used car ecommerce platform Uxin (UXIN) and biotech firm Zai Lab (ZLAB), which increased 5.9% and 5.1% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and mobile big data platform Aurora Mobile (JG), which tumbled 8.1% and 5.4% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and automotive ecommerce platform TuanChe (TC), which dropped 5% and 4.8% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 3.6% and 3.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank (HDB), which were up 3.1% and 1.1% respectively.

The lone decliner from South Asia was IT firm Infosys (INFY), which was down 0.5%.

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