Asian ADRs Nudge Higher in Wednesday Trading

Last Updated: Wednesday, September 28, 2022 10:34 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.086% higher at 1,332.40 on the S&P/BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by fintech company Pintec Technology (PT) and wealth management firm Puyi Inc. (PUYI), which climbed 9% and 2.8% respectively. They were followed by financial product recommendation platform Jianpu Technology Inc. (JT) and automotive ecommerce platform TuanChe Limited (TC), which rose 2.3% and 2% respectively.

The decliners in North Asia were led by educational services providers China Online Education Group (COE) and Tarena International, Inc. (TEDU), which fell 4.7% and 4.5% respectively. They were followed by electric utility company Korea Electric Power Corporation (KEP) and video-sharing site iQIYI, Inc. (IQ), which dropped 4.4% and 4.3% respectively.

In South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and biotech firm ASLAN Pharmaceuticals (ASLN), which rose 2.3% and 1.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys (INFY), which were up 1.5% and 1% respectively.

The decliners in South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT Inc. (PHI), which lost 1.7% and 1.1% respectively. They were followed by digital entertainment firm Sea Limited (SE) and financial services company HDFC Bank (HDB), which were off 0.4% and 0.3% respectively.

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