Asian Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading
Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.34% to 2,958.28 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by diagnostic imaging center company Concord Medical Services (CCM) and online brokerage UP Fintech (TIGR), which rose 3.1% and 3%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and semiconductor company ASE Technology (ASX), which were up 2.6% and 2.2%, respectively.The decliners from North Asia were led by video-sharing platform Bilibili (BILI) and tech company Alibaba Group (BABA), which fell 3.7% and 3.1%, respectively. They were followed by music streaming service Tencent Music Entertainment Group (TME) and online game developer The9 (NCTY), which were down 2.4% and 1.7%, respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and lender ICICI Bank (IBN), which climbed 11% and 0.7%, respectively. They were followed by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which increased 0.6% and 0.2%, respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which dropped 2% and 1.8%, respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 1.5% and 0.5%, respectively.