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

Asian equities traded in the US as American depositary receipts were modestly higher Wednesday morning, rising 0.30% to 2,790.11 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lended Eason Technology (DXF) and computer hardware maker Canaan (CAN), which climbed 19% and 9%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and biopharmaceutical firm Zai Lab (ZLAB), which advanced 7.3% and 6.4%, respectively.

The decliners from North Asia were led by thin-film liquid display maker LG Display (LPL) and fintech firm AMTD Digital (HKD), which dropped 9% and 4.9% respectively. They were followed by lender CNFinance (CNF) and automotive marketplace Cango (CANG), which lost 3% and 1.8% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which rose 4.3% and 1.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were up 0.7% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which fell 3.1% and 2% respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were down 1.1% and 0.6% respectively.