Asian Equities Traded in the US as American Depositary Receipts Track Lower in Wednesday Trading
Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.84% to 2,853.03 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company Four Seasons Education (FEDU) that rose 7% and mobile big data platform Aurora Mobile (JG), which rose 6%. They were followed by electric vehicle maker NIO (NIO), which was up 4%.The decliners from North Asia were led by real estate management and digital security firm Eason Technology (DXF) and automotive marketplace Token Cat (TC), which dropped 9% and 5.6% respectively. They were followed by internet and data center services provider VNET Group (VNET) and biopharmaceutical company Zai Lab (ZLAB), which lost 5.9% and 2.5% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which advanced 1.7% and 0.5% respectively. They were followed by lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.8% and 0.7% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which fell 2% and 0.8% respectively. They were followed by lender ICICI Bank (IBN) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 1% and 0.5% respectively.
