Asian equities traded in the US as American depositary receipts were trending higher Wednesday morning, rising 0.52% to 2,910.25 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by data center services provider VNET Group (VNET), which climbed 9.3%. It was followed by semiconductor companies Silicon Motion Technology (SIMO) and ASE Technology (ASX), which advanced 5.4% and 4.6% respectively.
The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and automotive company Honda Motor (HMC), which lost 5.2% and 3.9% respectively. They were followed by used car marketplace Uxin (UXIN) and commercial real estate and digital services company Eason Technology (DXF), which dropped 3.1% and 2.9% respectively.
From South Asia, the only gainer was computer hardware maker Canaan (CAN), which increased 2.8%.
The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which fell 2.8% and 2.5% respectively. They were followed by tech conglomerate Sea (SE) and lender ICICI Bank (IBN), which were down 2.4% and 1.4% respectively.
