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 0.49% to 2,900.49 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by video display maker LG Display (LPL) and utilities company Korea Electric Power (KEP), which climbed 4.7% and 2.5%, respectively. They were followed by education company 51Talk Online Education Group (COE) and polysilicon manufacturer Daqo New Energy (DQ), which were up 2.4% and 2%, respectively.The decliners from North Asia were led by automotive marketplace Token Cat (TC) and brand platform 36Kr (KRKR), which fell 5.9% and 5.7%, respectively. They were followed by real estate management and digital security company Eason Technology (DXF) and fintech firm High Templar Tech (HTT), which were down 4.3% and 2.8%, respectively.From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which rose 3.5% and 0.3%, respectively.The decliners from South Asia were led by IT company Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 4.7% and 2.1%, respectively. They were followed by lender HDFC Bank (HDB) and tech conglomerate Sea (SE), which lost 1.5% and 1.2%, respectively.