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 trending lower Wednesday morning, declining 0.60% to 1,879.74 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii (BQ) and advertising agency iClick Interactive Asia Group (ICLK), which advanced 25% and 5.8% respectively. They were followed by biotech firm BeiGene (BGNE) and media company Phoenix New Media (FENG), which increased 5.9% and 5% respectively.

The decliners from North Asia were led by financial services company Shinhan Financial Group (SHG) and property technology company Fangdd Network Group (DUO), which dropped 5.8% and 2% respectively. They were followed by education companies 17 Education & Technology Group (YQ) and solar project developer Emeren Group (SOL), which fell 4.8% and 3.5% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 0.1% each, while financial services company ICICI Bank (IBN) also was up 0.1%.

The decliners from South Asia were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which lost 6.2% and 3.2% respectively. They were followed by IT firm Infosys (INFY) and business process management company WNS (WNS), which were down 1.6% and 1.1%.