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

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Asian equities traded in the US as American depositary receipts were falling sharply Thursday morning, dropping 1.2% to 2,766.6 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR) and fintech firm Maase (MAAS), which climbed 16.3% and 15.9% respectively. They were followed by education company 51Talk Online Education Group (COE) and media company Phoenix New Media (FENG), which increased 5.5% and 3.9% respectively.

The decliners from North Asia were led by video display maker LG Display (LPL) and biopharmaceutical company Zai Lab (ZLAB), which shed 17% and 5.3% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and fintech company Jiayin Group (JFIN), which dropped 5% and 3.6% respectively.

From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which rose 4.6% and 0.2% respectively.

The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which fell 6.4% and 4.7% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were each down 2.9%.

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