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

MT Newswires Live12-04

Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.40% to 2,090.15 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and semiconductor company Himax Technologies (HIMX), which climbed 10.3% and 9.8% higher respectively. They were followed by advertising agency iClick Interactive Asia Group (ICLK) and tech company Xunlei (XNET), which rose 11.1% and 2.5% respectively.

The decliners from North Asia were led by utility company Korea Electric Power (KEP) and solar project developer Emeren Group (SOL), which dropped 5.7% and 3% respectively. They were followed by biotech firm Zai Lab (ZLAB) and mobile app developer Cheetah (CMCM), which fell 5.4% and 3% respectively.

From South Asia, the lone gainer was IT firm Infosys (INFY), which was up 1.5%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT company Sify Technologies (SIFY), which lost 0.5% and 0.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were off 0.9% and 0.6% respectively.

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