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

MT Newswires Live11-06

Asian equities traded in the US as American depositary receipts were lower on Wednesday morning, down 1.2% to 2,064.56 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by cryptocurrency miner Bit Mining (BTCM) and computer hardware maker Canaan (CAN), which advanced 8.1% and 5.7%, respectively. They were followed by capital market company AMTD IDEA Group (AMTD), which climbed 3.3%.

The decliners from North Asia were led by solar module manufacturer Jinko Solar (JKS) and carmaker Honda (HMC), which were falling nearly 13% and 8.7%, respectively. They were followed by Chinese photovoltaics company Daqo New Energy (DQ), which dropped 4%.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was up 4.5%.

The decliners from South Asia were led by telecom Telekomunikasi Indonesia (TLK), which fell 1.9%, followed by ICICI Bank (IBN), which retreated 1.4%.

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