Asian Equities Traded in US as ADRs Drop in Thursday Trading

MT Newswires Live
02/26

Asian equities traded in the US as American depositary receipts fell Thursday morning with the S&P Asia 50 ADR Index declining 1.7% to 2,942.66.

From North Asia, the gainers were led by LCD maker LG Display (LPL) and pet-focused platform Boqii (BQ), which rose 4% and 3% respectively. They were followed by used car marketplace Uxin (UXIN) and casino and resort operator Melco Resorts & Entertainment (MLCO), which were up 2.2% and 1.9% respectively.

The decliners from North Asia were led by consumer lender Eason Technology (DXF) and lender CNFinance (CNF), which shed 9.2% and 7.3% respectively. They were followed by online entertainment service iQIYI (IQ) and fashion platform MOGU (MOGU), which were down 6.2% and 5.6% respectively.

From South Asia, the gainers were led by IT services provided Infosys (INFY) and tech conglomerate Sea (SE), which advanced 2.6% and 2.2% respectively. They were followed by IT company Wipro (WIT) and telecommunications operator PLDT (PHI), which increased 2.1% and 0.4% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 0.8%, followed by lender ICICI Bank (IBN) and telecommunications operator Telekom Indonesia (TLK), which lost 0.4% and 0.3% respectively.

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