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

MT Newswires Live
Oct 23

Asian equities traded in the US as American depositary receipts were trending higher Thursday morning, rising 0.37% to 2,703.10 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and consumer lending firm Eason Technology (DXF), which climbed 8.2% and 7.9%, respectively. They were followed by automotive marketplace Token Cat (TC) and mobile app developer Cheetah Mobile (CMCM), which rose 6.7% and 6.1%, respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and pet-focused platform Boqii (BQ), which fell 6.8% and 5.5%, respectively. They were followed by used car market place Uxin (UXIN) and brand platform 36Kr (KRKR), which were down 4.3% and 4.2%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which advanced 5.4% and 5.2%, respectively. They were followed by IT firm Infosys (INFY), which was up 0.2%.

The decliners from South Asia were led by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 1.9% and 1.3%, respectively. They were followed by lender HDFC Bank (HDB) and tech conglomerate Sea (SE), which lost 1.2% and 1%, respectively.

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