Asian ADRs Move Lower in Wednesday Trading

Last Updated: Wednesday, October 27, 2021 11:12 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.4% lower at 1,989.74 on the S&P/BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by after-school education services provider Puxin (NEW) and electric power company Huaneng Power International (HNP), which climbed 19% and 13%, respectively. Marketing and commercial services consultancy Rise Education (REDU) gained 9.5% and Chinese training company Tarena International (TEDU) rose 4.6%.

Automotive internet platform operator Autohome (ATHM), which was down 8%, led the decliners in North Asia. Mining and metals firm Aluminum Corp. of China (ACH) also declined 4.6% and computer hardware manufacturer Canaan (CAN) lost 4.2%.

In South Asia, internet firm Sea (SE) and telecommunications company PLDT (PHI) led the gainers, up 1.3% and 0.7%, respectively. They were followed by IT firm Wipro (WIT) and IT consulting company Infosys (INFY), which were both up 0.3%.

The decliners in South Asia were led by mining firm Vedanta (VEDL), which lost 4.7% and biopharmaceutical company ASLAN Pharmaceuticals (ASLN), which was down 2%. Automotive manufacturing firm Tata Motors (TTM) was down 1.3%.

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