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

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Asian equities traded in the US as American depositary receipts ended the shortened trading week sharply higher Thursday morning, rising 1.5% to 2,895.67 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and semiconductor company Silicon Motion Technology (SIMO), which advanced 8.2% and 7.2%, respectively. They were followed by semiconductor company ASE Technology (ASX) and fashion platform MOGU (MOGU), which increased 6.3% and 1.8%, respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and brand platform 36Kr (KRKR), which fell 5.3% and 5% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and real estate management and digital security company Token Cat (TC), which were down 4.3% and 3.7% respectively.

From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and telecommunications operator PLDT (PHI), which rose 4.2% and 1.2% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.1% and 0.5% respectively.

The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which lost 7.1% and 5.8% respectively. They were followed by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which dropped 1.1% and 0.1% respectively.

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Asia Markets

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