Asian ADRs Move Lower in Wednesday Trading

Last Updated: Wednesday, December 8, 2021 10:42 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.72% lower at 1,882.66 on the S&P/BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by real estate services firm Leju Holdings Limited (LEJU) and educational services provider China Online Education Group (COE), which climbed 9.3% and 6.6% respectively. They were followed by media company Phoenix New Media Limited (FENG) and housing transaction platform KE Holdings Inc. (BEKE), which rose 6% and 5.9%.

The decliners in North Asia were led by financial planning platform Jianpu Technology Inc. (JT) and solar equipment company ReneSola Ltd (SOL), which fell 15% and 7% respectively. They were followed by semiconductor company United Microelectronics Corporation (UMC) and online luxury retailer Secoo Holding Limited (SECO), which lost 6.7% and 3.8%.

In South Asia, the gainers were led by bank holding company ICICI Bank Limited (IBN) and automaker Tata Motors Limited (TTM), which rose 3.6% and 3.2% respectively. They were followed by digital entertainment firm Sea Limited (SE) and IT company Infosys Limited (INFY), which were up 1.8% and 1.4%.

The decliners in South Asia were led by biotech firm ASLAN Pharmaceuticals Limited (ASLN), which lost 2%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and business process management company WNS Holdings (WNS), which were down 0.7% and 0.6% respectively.

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