Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Wednesday Trading

10:42 AM EDT, 10/14/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking sharply lower Wednesday morning, falling 1.52% to 2,928.76 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by automotive marketplace Token Cat (TC) and fintech firm Jiayin Group (JFIN), which surged 41% and 2.3% respectively. They were followed by music streaming service Tencent Music Entertainment Group (TME) and tech company Alibaba Group (BABA), which increased 1% and 0.7% respectively. The decliners from North Asia were led by lender Shinhan Financial Group (SHG) and semiconductor company ASE Technology (ASX), which fell 4.7% and 4.4% respectively. They were followed by media company Phoenix New Media (FENG), which was down 3.5%. From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which rose 1.8% and 1.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were up 1% and 0.6% respectively. The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 6% and 2% respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which decreased 1.5% and 1.1% respectively.