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

MT Newswires Live
03/05

Asian equities traded in the US as American depositary receipts were sharply lower Thursday morning, falling 1.8% to 2,740.17 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR) and automotive marketplace Autohome (ATHM), which climbed 9% and 6.2% respectively. They were followed by automotive marketplace Cango (CANG) and semiconductor company Silicon Motion Technology (SIMO), which advanced 2.8% and 2.3% respectively.

The decliners from North Asia were led by video-sharing platform Bilibili (BILI) and online game developer The9 (NCTY), which fell 6.8% and 2.5% respectively. They were followed by education company 17 Education & Technology Group (YQ) and thin-film liquid display maker LG Display (LPL), which were down 6.1% and 7% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firms Infosys (INFY) which was were up 6.4% and 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which dropped nearly 4% and 1.4% respectively. They were followed by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which lost 0.6% and 0.6% respectively.

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