Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Thursday Trading

MT Newswires Live
05-08

Asian equities traded in the US as American depositary receipts were slightly lower Thursday morning, declining 0.11% to 2,150.54 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive marketplace Token Cat (TC) and brand platform 36Kr (KRKR), which climbed 9.3% and 6.7% respectively. They were followed by brand platform Baozun (BZUN) and fintech firm Highest Performances (MAAS), which advanced 3.6% and 0.2% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and internet and data center services provider VNET Group (VNET), which fell 7.4% and 6.7% respectively. They were followed by consumer lending firm Eason Technology (DXF) and financial services company CNFinance (CNF), which dropped 4.6% and 4.2% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 1.6% and 1.8% respectively. They were followed by IT company Infosys (INFY), which was up 0.1%.

The decliners from South Asia were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which lost 2.3% and 1.8% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.9% and 1.7% respectively.

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