Asian Equities Traded in the US as American Depositary Receipts Decline

MT Newswires Live11-13

Asian equities traded in the US as American depositary receipts were lower Wednesday morning, down 0.89% at 2,026.12 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware company Canaan (CAN) and biotech firm Zai Lab (ZLAB), which climbed 16% and 9.1% respectively. They were followed by video-based social platform JOYY (YY) and mobile healthcare platform 111 (YI), which rose 7% and 3.8% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and automotive ecommerce platform TuanChe (TC), which fell 11% and 4.4% respectively. They were followed by automotive company Honda Motor (HMC) and semiconductor company Himax Technologies (HIMX), which dropped 3.7% and 2% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 3.3%, followed by tech conglomerate Sea (SE) and telecommunications firm Telekomunikasi Indonesia (TLK), which were up 2.2% and 0.2% respectively.

The decliners from South Asia were led by IT firm Infosys (INFY), which lost 0.7%, followed by Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were off 0.5% and 0.1% respectively.

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