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

MT Newswires Live04-08 22:29

Asian equities traded in the US as American depositary receipts were surging Wednesday morning, jumping 5.13% to 2,774.65 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR), which surged 21%, followed by consumer lender Eason Technology (DXF), brand platform 36Kr (KRKR), and utilities company Korea Electric Power (KEP), which climbed 11% each.

The only decliners from North Asia were fintech firms Maase (MAAS) and AMTD Digital (HKD), which were off 0.4% and 0.2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which rose 7.3% and 7.2%, respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were up 6.8% and 6.1%, respectively.

The lone decliner from South Asia was IT firm Wipro (WIT), which was down 0.4%.

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