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

MT Newswires Live
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Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.54% to 2,958.45 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and education company 17 Education & Technology Group (YQ), which rose 5.2% and 3.1% respectively. They were followed by video display maker LG Display (LPL) and online game developer Gravity (GRVY), which were up 2.2% and 1.4% respectively.

The decliners from North Asia were led by healthcare platform 111 (YI) and casino and resort operator Melco Resorts & Entertainment (MLCO), which fell 4.8% and 4.4% respectively. They were followed by solar panel maker JinkoSolar (JKS) and polysilicon manufacturer Daqo New Energy (DQ), which were down 4.3% and 3.8% respectively.

From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 8.2% and 7.9% respectively. They were followed by lender HDFC Bank (HDB) and computer hardware maker Canaan (CAN), which increased 2.7% and 0.8% respectively.

The decliners from South Asia were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which lost 2.8% and 2.2% respectively. They were followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 2% and 1% respectively.

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