Asian Equities Traded in the US as American Depositary Receipts Rising in Wednesday Trading
Asian equities traded in the US as American depositary receipts were trending higher Wednesday morning, rising 0.48% to 2,787.98 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by fintech firm Maase (MAAS) and polysilicon manufacturer Daqo New Energy (DQ), which climbed 37.2% and 11.8% respectively. They were followed by computer hardware maker Canaan (CAN) and video display maker LG Display (LPL), which rose 6.7% and 4.5% respectively.The decliners from North Asia were led by real estate management and digital technology company Eason Technology (DXF) and fintech firm Qfin (QFIN), which fell 10.7% and 3.8% respectively. They were followed by video streaming service iQIYI (IQ) and travel company Tuniu (TOUR), which were down 2.5% and 1.7% respectively.From South Asia, the gainers were led by IT company Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which advanced 4.2% and 1.8% respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were up 1.1% and 1% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which dropped 1.8% and 1.7% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were off 0.7% each.