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

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.31% to 2,901.28 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Jiayin Group (JFIN) and semiconductor company ASE Technology (ASX), which advanced 5.2% and 3.8% respectively. They were followed by used car marketplace Uxin (UXIN) and semiconductor company Silicon Motion Technology (SIMO), which increased 3.7% and 1.8% respectively.

The decliners from North Asia were led by e-commerce and technology companies JD.com (JD) and Alibaba Group (BABA), which fell 3% and 2.9% respectively. They were followed by fintech firm Qfin (QFIN) and video-sharing and streaming platform Bilibili (BILI), which decreased 2.8% and 2.6% respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which were up 1% and 0.8% respectively.

The decliners from South Asia were led by telecommunications operator PLDT (PHI) and tech conglomerate Sea (SE), which dropped 3.4% and 2% respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which lost 1.6% and 1.1% respectively.