Asian ADRs Move Lower in Wednesday Trading

Last Updated: Wednesday, September 15, 2021 10:39 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.65% lower at 2,008.44 on the S&P/BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by So-Young International (SY), an online platform for medical aesthetics, and educational services provider RISE Education (REDU), which climbed 9.5% and 7.6% respectively. They were followed by educational services provider Four Seasons Education (FEDU) and oil and gas company PetroChina (PTR), which rose 5.2% and 3.9%.

The decliners in North Asia were led by casino and resort operator Melco Resorts & Entertainment (MLCO) and educational services provider OneSmart International Education Group (ONE), which fell 13% and 9.5% respectively. They were followed by live streaming company JOYY (YY) and online marketing technology firm iClick Interactive Asia Group (ICLK), which lost 6% and 2.4%.

In South Asia, the gainers were led by mining company Vedanta (VEDL) and automaker Tata Motors (TTM), which rose 2.6% each. They were followed by bank holding company ICICI Bank (IBN) and IT firm Infosys (INFY), which were up 1.2% each.

The decliners in South Asia were led by IT company Sify Technologies (SIFY) and PLDT (PHI), which dropped 1.5% and 1.0% respectively. They were followed by bank holding company HDFC Bank (HDB), which was down 0.8%.

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