Financial Wire

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 surging Wednesday morning, jumping 5.13% to 2,774.65 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by travel company Tuniu (TOUR), which surged 21%, followed by consumer lender Eason Technology (DXF), brand platform 36Kr (KRKR), and utilities company Korea Electric Power (KEP), which climbed 11% each.The only decliners from North Asia were fintech firms Maase (MAAS) and AMTD Digital (HKD), which were off 0.4% and 0.2%, respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which rose 7.3% and 7.2%, respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were up 6.8% and 6.1%, respectively.The lone decliner from South Asia was IT firm Wipro (WIT), which was down 0.4%.

-- Asian equities traded in the US as American depositary receipts were surging Wednesday morning, jumping 5.13% to 2,774.65 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR), which surged 21%, followed by consumer lender Eason Technology (DXF), brand platform 36Kr (KRKR), and utilities company Korea Electric Power (KEP), which climbed 11% each.

The only decliners from North Asia were fintech firms Maase (MAAS) and AMTD Digital (HKD), which were off 0.4% and 0.2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which rose 7.3% and 7.2%, respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were up 6.8% and 6.1%, respectively.

The lone decliner from South Asia was IT firm Wipro (WIT), which was down 0.4%.