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

MT Newswires Live
03-26

Asian equities traded in the US as American depositary receipts were heading lower Wednesday morning, declining 0.86% to 2,230.82 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and fintech firm Pintec Technology (PT), which climbed 11% and 5%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and online game developer The9 (NCTY), which increased 3% and 2.7%, respectively.

The decliners from North Asia were led by wealth management firm Noah (NOAH) and online education platform 17 Education & Technology Group (YQ), which shed 9.4% and 6.5%, respectively. They were followed by computer hardware maker Canaan (CAN) and biotech firm Zai Lab (ZLAB), which were down 5.6% and 5.1%, respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which rose 3.9% and 0.2%, respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT company Infosys (INFY), which lost 1.1% and 0.8%, respectively. They were followed by financial services company ICICI Bank (IBN) and telecommunications operator PLDT (PHI), which were off 0.5% each.

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