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

MT Newswires Live08-19 22:46

Asian equities traded in the US as American depositary receipts were tracking modestly higher Wednesday morning, rising 0.24% to 2,986.79 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and internet and data center services provider VNET Group (VNET), which climbed 5% and 1% respectively. They were followed by solar panel maker JinkoSolar (JKS) and video display maker LG Display (LPL), which increased 2.3% and 1.7% respectively.

The decliners from North Asia were led by online entertainment video services company iQIYI (IQ) and brand platform 36Kr (KRKR), which lost 10% and 4.6% respectively. They were followed by media company Phoenix New Media (FENG) and education company 51Talk Online Education Group (COE), which fell 3.3% and 1.5% respectively.

From South Asia, the gainers were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which rose 2.1% and 1.6% respectively. They were followed by IT firms Infosys (INFY) and Wipro (WIT), which were up 2.9% and 1.3% respectively.

The only decliners from South Asia were IT firm Sify Technologies (SIFY) and lender ICICI Bank (IBN), which were down 1.3% and 0.1% respectively.

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