Asian Equities Traded in the US as American Depositary Receipts Advance in Thursday Trading
Asian equities traded in the US as American depositary receipts were higher on Thursday morning, up 0.71% to 2,920.24on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies ASE Technology (ASX) and Silicon Motion Technology (SIMO), which jumped 9.6% and 4.3% respectively. They were followed by semiconductor sector peers Himax Technologies (HIMX) and United Microelectronics (UMC), which climbed 4.6% and 1% respectively.The decliners from North Asia were led by electronics company LG Display (LPL) and consumer finance platform LexinFintech (LX), which dropped 5.2% and 4.9% respectively. They were followed by electric vehicle manufacturers Li Auto (LI) and Nio (NIO), which shed 2.3% and 1.9% respectively.From South Asia, the gainers were led by IT service management company Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which rose 8.2% and 2.7% respectively.The decliners from South Asia were led by computer hardware manufacturer Canaan (CAN), which fell 4.8%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY), which was down 3%.