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Asian Equities Traded in US as ADRs Fall in Wednesday Trading

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Asian equities traded in the US as American depositary receipts fell Wednesday with the S&P Asia 50 ADR Index dropping 0.4% to 2,872.69.

From North Asia, the gainers were led by fintech firms Qfin Holdings (QFIN) and LexinFintech (LX), which surged 24% and 10%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and social media platform JOYY (JOYY), which advanced 9% and 4.3%, respectively.

The decliners from North Asia were led by video display maker LG Display (LPL) and mobile big data platform Aurora Mobile (JG), which shed 11% and 9%, respectively. They were followed by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which dropped 5.1% and 4.6%, respectively.

From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which climbed 23% and 2.3%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1% and 0.7%, respectively.

The decliners from South Asia were led by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which fell 3% and 2.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Sify Technologies (SIFY), which were down 1.4% and 1.1%, respectively.

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