Asian equities traded in the US as American depositary receipts were surging higher Wednesday morning, rising 2.6% to 2,086.14 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and consumer lending firm LexinFintech (LX), which jumped 20.4% and 11% respectively. They were followed by fintech firm Jiayin Group (JFIN) and semiconductor company Himax Technologies (HIMX), which climbed 7.4% and 7.3% respectively.
The decliners from North Asia were led by ecommerce fashion platform MOGU (MOGU) and financial services company Eason Technology (DXF), which shed 6.9% and 5.2% respectively. They were followed by education company 17 Education & Technology Group (YQ) and used car ecommerce platform Uxin (UXIN), which dropped 3.6% and 1.1% respectively.
From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which increased 4.5% and 3.9% respectively. They were followed by IT firms Wipro (WIT) and Sify Technologies (SIFY), which were up 3.4% and 2.1% respectively.
The decliners from South Asia were led by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which fell 3% and 1.9% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was off 1%.
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