Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Wednesday Trading
Asian equities traded in the US as American depositary receipts were climbing sharply higher Wednesday morning, rising 1.16% to 2,892.96 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and semiconductor company Silicon Motion Technology (SIMO), which were up 5.5% and 4.6% respectively. They were followed by lender Nomura (NMR) and game live-streaming service HUYA (HUYA), which rose 3.8% and 3.3% respectivelyThe decliners from North Asia were led by used car marketplace Uxin (UXIN) and tech company Xunlei (XNET), which fell 6.1% and 5.4% respectively. They were followed by lender CNFinance (CNF) and mobile big data platform Aurora Mobile (JG), which were down 4.9% and 3.4% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which advanced 4.6% and 4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were up 0.7% each.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which dropped 13.6% and 3.6% respectively. They were followed by telecommunications operator PLDT (PHI) and IT company Sify Technologies (SIFY), which dropped 2.7% and 1.1% respectively.
