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Asia Markets

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

Asian equities traded in the US as American depositary receipts were lower Wednesday morning, declining 0.42% to 2,817.29 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and used car marketplace Uxin (UXIN), which rose 6.4% and 6% respectively. They were followed by online brokerage UP Fintech (TIGR) and video-sharing platform Bilibili (BILI), which advanced 4.9% each.The decliners from North Asia were led by semiconductor firm Himax Technologies (HIMX) and Aurora Mobile (JG), which fell 6.1% and 5.8% respectively. They were followed by video display maker LG Display (LPL) and Eason Technology (DXF), which were down 5.6% and 4.5% respectively.From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which rose 6.1% and 2.6% respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were up 2% and 1.3% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE), which dropped 2.6%, followed by telecommunications operator PLDT (PHI) and IT firm Wipro (WIT), which lost 1% and 0.2% respectively.

$BILI$DXF$HDB$HIMX$IBN$JG$LPL$PHI$SE$SIFY$TIGR$TLK$UXIN$WIT$ZLAB
Asia Markets

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

Asian equities traded in the US as American depositary receipts were higher Thursday morning, up 0.47% at 2,919.14 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by casino and resort operator Melco Resorts & Entertainment (MLCO) and lender Mitsubishi UFJ Financial Group (MUFG), which rose 3.3% and 2.8% respectively. They were followed by online entertainment service Bilibili (BILI) and lender Shinhan Financial Group (SHG), which were up 2.5% and 2.2% respectively.The decliners from North Asia were led by video display maker LG Display (LPL), which dropped 7.8%. It was followed by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which lost 7.2% and 6.5% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which advanced 3.7% and 3.5% respectively. They were followed by lender HDFC Bank (HDB) and IT firm Infosys (INFY), which increased 3% and 2.9% respectively.The lone decliner from South Asia was fintech firm Trident Digital Tech (TDTH), which tumbled 13%.

$ASX$BILI$HDB$HIMX$INFY$LPL$MLCO$MUFG$SE$SHG$TDTH$TLK
Asia Markets

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 0.77% to 2,920.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by real estate management and digital security firm Eason Technology (DXF) and automotive company Honda Motor (HMC), which climbed 17.9% and 4.7% respectively. They were followed by lenders Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), which advanced 1.8% and 1.5% respectively.The decliners from North Asia were led by fintech company Qfin (QFIN) and healthcare platform 111 (YI), which fell 5.2% and 4.4% respectively. They were followed by entertainment streaming service iQIYI (IQ) and online brokerage UP Fintech (TIGR), which lost 4.2% and 3.3% respectively.From South Asia, the only gainers were lenders ICICI Bank (IBN) and HDFC Bank (HDB), which rose 1.7% and 1.1% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Sify Technologies (SIFY), which dropped 12.5% and 4.8% respectively. They were followed by IT firm Infosys (INFY) and computer hardware maker Canaan (CAN), which were down 4.5% and 3.5% respectively.

$CAN$DXF$HDB$HMC$IBN$INFY$IQ$MUFG$QFIN$SIFY$SMFG$TDTH$TIGR$YI
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were rising sharply Tuesday morning, up 1.04% to 2,925.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 13% and 5.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and tech company Alibaba Group (BABA), which advanced 5.1% and 4.6% respectively.The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and online brokerage UP Fintech (TIGR), which dropped 7.4% and 7% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and real estate management and digital security company Eason Technology (DXF), which lost 6.5% and 3.9% respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and lender HDFC Bank (HDB), which rose 7.6% and 0.5% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which were up 0.2% and 0.1% respectively.The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which fell 6.9% and 2.1% respectively. They were followed by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which were down 2% and 1.5% respectively.

$BABA$CAN$DXF$HDB$HIMX$INFY$JG$PHI$SE$SIFY$SIMO$TDTH$TIGR$VNET$WIT$YQ
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Up for Week

Asian equities traded in the US as American depositary receipts were heading lower Friday morning, declining 0.35% to 2,867.57 on the S&P Asia 50 ADR Index, which is up 0.5% for the week so far.From North Asia, the gainers were led by video display maker LG Display (LPL) and diagnostic imaging centers company Concord Medical Services (CCM), which advanced 11% and 3.1% respectively. They were followed by education company 17 Education & Technology Group (YQ) and tech company Baidu (BIDU), which increased 3% and 2.8% respectively.The decliners from North Asia were led by real estate management and digital security company Eason Technology (DXF) and internet and data center services provider VNET Group (VNET), which dropped 5.1% and 4.6% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and semiconductor company ASE Technology (ASX), which lost 3.2% and 3% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which rose 3.7% and 1.4% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.6% and 0.3% respectively.The decliners from South Asia were led by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which fell 5.6% and 1.8% respectively. They were followed by IT company Infosys (INFY) and tech conglomerate Sea (SE), which were down 1.7% and 0.9% respectively.

$ASX$BIDU$CAN$CCM$DXF$HDB$IBN$INFY$LPL$RDY$SE$TLK$VNET$WIT$YQ$ZLAB
Asia Markets

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

Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.68% to 2,861.52 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by real estate management and digital security company Eason Technology (DXF) and tech company Xunlei (XNET), which climbed 12.1% and 5.5% respectively. They were followed by wealth management firm Noah (NOAH) and mobile app developer Cheetah Mobile (CMCM), which advanced 3.7% and 0.7% respectively.The decliners from North Asia were led by fintech firm LexinFintech (LX) and game live-streaming service DouYu International (DOYU), which dropped 6.1% and 4.4% respectively. They were followed by brand platform 36Kr (KRKR) and fintech company Qfin (QFIN), which were down 2.5% and 2% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and computer hardware maker Canaan (CAN), which rose 7.3% 0.5% respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 0.4% and 0.2% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which fell 5% and 0.9% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were off 0.6% and 0.4% respectively.

$CAN$CMCM$DOYU$DXF$HDB$KRKR$LX$NOAH$PHI$QFIN$SE$SIFY$TDTH$TLK$WIT$XNET
Asia Markets

Asian Equities Traded in US as ADRs Fall in Wednesday Trading

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.

$CAN$HDB$HIMX$INFY$JG$JOYY$LPL$LX$QFIN$RDY$SE$SIFY$SIMO$TDTH$TLK$VNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Lower in Monday Trading

Asian equities traded in the US as American depositary receipts were lower Monday morning, declining 0.48% to 2,833.93 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by streaming music service Tencent Music Entertainment Group (TME) and game live-streaming service DouYu International (DOYU), which rose 7.1% and 3.8% respectively. They were followed by healthcare platform 111 (YI) and lender Mitsubishi UFJ Financial Group (MUFG), which were up 1.9% and 1.8% respectively.The decliners from North Asia were led by Eason Technology (DXF) and online game developer The9 (NCTY), which shed 17% and 6.9% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and semiconductor company ASE Technology (ASX), which lost 6.8% and 6.5% respectively.From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 4% and 1.8% respectively. It was followed by HDFC Bank (HDB), which increased 1.5%.The decliners from South Asia were computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 4.4% and 0.2% respectively.

$ASX$CAN$DOYU$DXF$HDB$MUFG$NCTY$PHI$SIFY$TME$YI$ZLAB
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Friday Trading

Asian equities traded in the US as American depositary receipts were falling sharply Friday morning, shedding 1.58% to 2,858.67 on the S&P Asia 50 ADR Index, which is flat for the week so far.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and automotive company Honda Motor (HMC), which rose 3.3% and 1.5% respectively. They were followed by lender Mitsubishi UFJ Financial Group (MUFG), which was up 2.3%.The decliners from North Asia were led by real estate and digital security company Eason Technology (DXF) and video display maker LG Display (LPL), which tumbled 10% and 22% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and brand platform Baozun (BZUN), which dropped 7.3% and 5.7% respectively.From South Asia, the gainers were led by IT firm Infosys (INFY) and fintech firm Trident Digital Tech (TDTH), which advanced 3.3% and 2.5% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.9% and 1.2% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT company Sify Technologies (SIFY), which lost 8.1% and 3.4% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were off 1.8% and 0.7% respectively.

$BZUN$CAN$DXF$GRVY$HDB$HIMX$HMC$IBN$INFY$LPL$MUFG$RDY$SIFY$TDTH$WIT$ZLAB
Asia Markets

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

Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.37% to 2,913.12 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by Eason Technology (DXF) and Honda Motor (HMC), which advanced 63% and 4.2% respectively. They were followed by video display maker LG Display (LPL) and media company Phoenix New Media (FENG), which were up 3.6% and 2.9% respectively.The decliners from North Asia were led by automobile marketplace Autohome (ATHM) and video streaming service Bilibili (BILI), which fell 9.1% and 7% respectively. They were followed by tech company Baidu (BIDU) and internet and data center services provider VNET Group (VNET), which were down 5.4% and 2.1% respectively.From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and HDFC Bank (HDB), which climbed 3.8% and 2.9% respectively. They were followed by ICICI Bank (IBN) and IT firm Wipro (WIT), which increased 1.2% and 1.1% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and Canaan (CAN), which dropped 5.6% and 2.7% respectively. They were followed by IT firm Infosys (INFY) and Telekomunikasi Indonesia (TLK), which lost 1.9% and 0.5% respectively.

$ATHM$BIDU$BILI$CAN$DXF$FENG$HDB$HMC$IBN$INFY$LPL$RDY$SE$TLK$VNET$WIT
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Open Week Lower in Monday Trading

Asian equities traded in the US as American depositary receipts opened the week tracking modestly lower Monday morning, declining 0.20% to 2,861.92 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and biopharmaceutical company Zai Lab (ZLAB), which surged 18.4% and 9.7% respectively. They were followed by education company 51Talk Online Education Group (COE) and education company 17 Education & Technology Group (YQ), which climbed 9.2% and 4% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and utilities company Korea Electric Power (KEP), which dropped 11.5% and 5.2% respectively. They were followed by used car marketplace Uxin (UXIN) and video streamlining service iQIYI (IQ), which lost 2.9% and 0.4% respectively.From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and fintech firm Trident Digital Tech (TDTH), which were up 0.7% and 0.5% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which fell 4.8% and 2.9% respectively. They were followed by IT firm Infosys (INFY) and lender HDFC Bank (HDB), which were down 2.3% and 1.9% respectively.

$CAN$CCM$COE$HDB$HIMX$INFY$IQ$KEP$SE$TDTH$TLK$UXIN$YQ$ZLAB
Asia Markets

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

Asian equities traded in the US as American depositary receipts were edging higher Friday morning, rising 0.13% to 2,875.05 on the S&P Asia 50 ADR Index, which is up about 2.5% for the week so far.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and automotive marketplace Token Cat (TC), which surged 19% and 16% respectively. They were followed by online game developer Gravity (GRVY) and fashion platform MOGU (MOGU), which climbed up 6.9% and 6.3% respectively.The decliners from North Asia were led by biopharmaceutical company Zai Lab (ZLAB), which fell 3.2%. It was followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and Concord Medical Services (CCM), which were down 2.4% and 2.1% respectively.From South Asia, the gainers included IT firm Sify Technologies (SIFY) and Telekomunikasi Indonesia (TLK), which rose 2.4% and 0.8% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which fell 4% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which lost 1% and 0.7% respectively.

$CCM$GRVY$HDB$HIMX$IBN$MLCO$MOGU$RDY$SE$SIFY$TC$TLK$ZLAB
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Track Lower in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.81% to 2,891.78 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and education company 17 Education & Technology Group (YQ), which climbed 38% and 3.6% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and fintech firm J and Friends (JF), which advanced 3.5% and 2% respectively.The decliners from North Asia were led by fashion platform MOGU (MOGU) and video display maker LG Display (LPL), which dropped 6.4% and 4.8% respectively. They were followed by real estate management company Eason Technology (DXF) and video streaming service DouYu International (DOYU), which lost 3.5% and 3.4% respectively.From South Asia, the gainers were led by lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 0.7% and 0.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 0.5% and 0.4% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which fell 4.6% and 3.7% respectively. They were followed by IT firms Sify Technologies (SIFY) and Wipro (WIT), which were down 1.5% and 0.8% respectively.

$CAN$CCM$DOYU$DXF$HDB$HIMX$IBN$JF$LPL$MOGU$RDY$SIFY$TDTH$TLK$WIT$YQ
Asia Markets

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

Asian equities traded in the US as American depositary receipts were soaring Wednesday morning, rising 3.38% to 2,885.55 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by tech companies Baidu (BIDU) and Alibaba Group (BABA), which climbed 8.3% and 6.1% respectively. They were followed by fintech firm J and Friends (JF) and lender Mitsubishi UFJ Financial Group (MUFG), which advanced 4.4% and 3.6% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and polysilicon manufacturer Daqo New Energy (DQ), which fell 5.6% and 5.1% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and brand platform 36Kr (KRKR), which were down 2.8% and 2.3% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which rose 5% and 3.5% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 3.3% and 2.3% respectively.The only decliners from South Asia were computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 3.8% and 0.9% respectively.

$BABA$BIDU$CAN$CCM$DQ$HDB$IBN$JF$KRKR$MUFG$RDY$SE$SIMO$TDTH
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading

Asian equities traded in the US as American depositary receipts opened the week tracking higher Monday morning, rising 0.80% to 2,811.45 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and Friends (JF), which rose 20% and 3.3% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and tech company Xunlei (XNET), which were up 2.9% and 2.4%, respectively.The decliners from North Asia were led by travel company Tuniu (TOUR) and semiconductor company Himax Technologies (HIMX), which fell 6.6% and 5%, respectively. They were followed by media company Phoenix New Media (FENG) and brand platform 36Kr (KRKR), which were down 4.8% and 1.6%, respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which advanced 3.4% and 1.6%, respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which increased 0.3% and 0.2%, respectively.The decliners from South Asia were led by tech company Trident Digital Tech (TDTH) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 2.9% and 1.4%, respectively. They were followed by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which lost 0.1% each.

$CAN$CCM$FENG$HDB$HIMX$IBN$INFY$JF$JG$KRKR$RDY$SE$TDTH$TLK$TOUR$XNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Monday Trading

Asian equities traded in the US as American depositary receipts were tracking modestly lower Monday morning, down 0.1% to 2,793.1 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by fintech firm Qfin (QFIN) and mobile app developer Cheetah Mobile (CMCM), which rose 2.1% each, and lender Mitsubishi UFJ Financial Group (MUFG), which was up 1.5%.The decliners from North Asia were led by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which fell 5.6% and 4.5% respectively. They were followed by computer hardware maker Canaan (CAN) and music streaming service Tencent Music Entertainment Group (TME), which dropped 1.2% and 0.3% respectively.From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which advanced 2.4% and 1.2% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 0.6% and 0.3% respectively.The decliners from South Asia were IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 3.7% and 2.6% respectively.

$ASX$CAN$CMCM$HDB$HIMX$INFY$MUFG$QFIN$RDY$SE$SIFY$TME$WIT
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

Asian equities traded in the US as American depositary receipts were tracking higher Friday morning, rising 0.72% to 2,771.65 on the S&P Asia 50 ADR Index, which has fallen more than 2.5% for the week so far.From North Asia, the gainers were led by semiconductor firm ASE Technology (ASX) and internet and data center services provider VNET Group (VNET), which climbed 6.8% and 4.1% respectively. They were followed by computer hardware maker Canaan (CAN), which advanced 2.5%.The decliners from North Asia were led by LexinFintech (LX) and Four Seasons Education (FEDU), which shed 9.3% and 8.9% respectively. They were followed by financial firm Nomura (NMR) and 51Talk Online Education Group (COE), which fell 5.6% and 4.9% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 1.2%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 0.7% and 0.2% respectively.The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys (INFY), which dropped 3.1% and 2.7% respectively. They were followed by ICICI Bank (IBN), which was down 0.9%.

$ASX$CAN$COE$FEDU$HDB$IBN$INFY$LX$NMR$RDY$SE$TLK$VNET
Asia Markets

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.

$CAN$DQ$DXF$HDB$IBN$INFY$IQ$LPL$MAAS$PHI$QFIN$RDY$SE$SIFY$TLK$TOUR
Asia Markets

Asian Equities Traded in US as ADRs Fall in Tuesday Trading

Asian equities traded in the US as American depositary receipts fell Tuesday morning with the S&P Asia 50 ADR Index declining 1.1% to 2,805.12.From North Asia, the gainers were led by education company 51Talk Online Education Group (COE) and lender CNFinance Holdings (CNF), which climbed 12% and 7.3%, respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and fintech firm J and Friends Holdings (JF), which advanced 6.1% and 4.4%, respectively.The decliners from North Asia were led by fintech firm Maase (MAAS) and fashion platform MOGU (MOGU), which dropped 15% and 5.5%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and video streaming service iQIYI (IQ), which lost 5.2% and 5%, respectively.From South Asia, the gainers were led by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which rose 1.8% and 1.6%, respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 1.5% and 0.3%, respectively.The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 3.2% and 1.5%, respectively. They were followed by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which were off 0.7% and 0.5%, respectively.

$CMCM$CNF$COE$HDB$IBN$INFY$IQ$JF$MAAS$MOGU$PHI$RDY$SE$SIFY$TLK$VNET
Research

Research Alert: CFRA Raises Opinion On Adss Of Hdfc Bank To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our forecasted FY 27 (Mar.) EPADS at INR167.50 (USD1.80) and introduce FY 28 EPADS of INR181.80 (USD1.95). We expect HDFC's loan growth to sustain at a low-teen level in FY 27, in line with our projected loan growth for Indian banking sector but softer than HDFC's target of above-industry growth. We see some pressure on NIM from increased mix of term deposits and the 25-bp cut in the repo rate in December 2025, but a shift in HDFC's funding base (toward more stable customer deposits from wholesale funding) will keep its NIM in a stable range in FY 27. We expect cost efficiency to improve as the benefits of technology/digital transformation come through, and credit costs to stay benign given its resilient asset quality. Our target price of USD33 (from USD35) is FY 27 P/EPADS of about 18.3x and a P/B of 2.5x (five-year mean: 22x and 3.3x), factoring in our projected FY 27/FY 28 ROE of 14%-15%, which are comparable to FY 25/FY 26 levels but lower than 16%-17% before the merger.

$HDB

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