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Wire

Silicon Motion's Q2 Revenue, Margins Top Estimates on Broad-Based Growth, Wedbush Says

Silicon Motion Technology (SIMO) reported Q2 revenue and margins well above expectations and issued a sharply higher Q3 outlook, driven by broad-based growth in embedded, automotive and artificial intelligence-related products, Wedbush said in a report Thursday.Q2 revenue rose 127% from a year earlier to $451 million, topping the $403 million consensus estimate. Non-GAAP gross margin increased to 50.2%, while operating margin reached 23.1%, according to the report.Ferri and boot-drive sales more than doubled sequentially and accounted for nearly 30% of revenue as demand grew across automotive and artificial intelligence infrastructure applications, the firm said. Wedbush also said sales of Silicon Motion's "MonTitan" enterprise SSD controllers likely exceeded its expectations.Silicon Motion guided Q3 revenue to between $519 million and $541 million, with the midpoint about 23% above prior consensus expectations, the report said.Wedbush reiterated an outperform rating on Silicon Motion Technology with a price target of $400.Price: $246.03, Change: $+36.35, Percent Change: +17.34%

$SIMO
Asia Markets

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

Asian equities traded in the US as American depositary receipts were surging Thursday morning, advancing 2.39% to 2,915.30 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Silicon Motion Technology (SIMO) and ASE Technology (ASX), which climbed 26% and 8.6% respectively. They were followed by online game developer The9 (NCTY) and internet and data center services provider VNET Group (VNET), which advanced 7.9% and 7.2% respectively.The decliners from North Asia were led by brand platform Baozun (BZUN) and lender Nomura (NMR), which fell 4.1% and 4% respectively. They were followed by automotive marketplace Token Cat (TC) and fintech firm LexinFintech (LX), which were down 3.4% and 2.7% respectively.From South Asia, the gainers were led by Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 6.8% and 0.8% respectively. They were followed by ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.6% and 0.3% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which dropped 3.8% and 3.5% respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were off 0.8% and 0.3% respectively.

$ASX$BZUN$CAN$IBN$INFY$LX$NCTY$NMR$PHI$RDY$SE$SIMO$TC$TLK$VNET$WIT
Asia Markets

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

Asian equities traded in the US as American depositary receipts were falling sharply Tuesday morning, down 1.49% to 2,857.68 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive company Honda Motor (HMC) and online retailer JD.com (JD), which rose 3.4% and 2.6% respectively. They were followed by fintech firm High Templar Tech (HTT) and social media video platform JOYY (JOYY), which were up 2.1% and 1.8% respectively.The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO), which tumbled 10%. It was followed by semiconductor companies ASE Technology (ASX) and Himax Technologies (HIMX), which fell 8.3% and 7.4% respectively.From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 3.1% and 1% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which increased 0.4% and 0.3% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 8% and 1.4% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.4% and 0.2% respectively.

$ASX$CAN$HDB$HIMX$HMC$HTT$IBN$INFY$JD$JOYY$PHI$RDY$SIFY$SIMO$WIT
Asia Markets

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

Asian equities traded in the US as American depositary receipts kicked off the week higher Monday morning, rising 0.33% to 2,880.93 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY) and brand platform Baozun (BZUN), which surged 39% and 12% respectively. They were followed by used car marketplace Uxin (UXIN) and video-sharing platform Bilibili (BILI), which advanced 5.3% and 4.7% respectively.The decliners from North Asia were led by automotive marketplace Token Cat (TC) and education company 17 Education & Technology Group (YQ), which fell 7.8% and 6.8% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and fintech firm AMTD Digital (HKD), which dropped 3.8% and 0.6% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 4.3% and 3.5% respectively. They were followed by Canaan (CAN) and IT firm Infosys (INFY), which increased 2.3% and 1.8% respectively.The lone decliner from South Asia was lender HDFC Bank (HDB), which was off 0.4%.

$BILI$BZUN$CAN$HDB$HKD$INFY$NCTY$SE$SIFY$SIMO$TC$UXIN$YQ
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, declining 0.48% to 2,877.67 on the S&P Asia 50 ADR Index, which is down marginally for the week so far.From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and brand platform 36Kr (KRKR), which climbed 6.8% and 6.7% respectively. They were followed by automotive marketplace Token Cat (TC) and pharmaceutical company Takeda Pharmaceutical (TAK), which advanced 6.1% and 2.6% respectively.The decliners from North Asia were led by video display maker LG Display (LPL) and semiconductor company ASE Technology (ASX), which fell 4.6% and 4% respectively. They were followed by fintech firm High Templar Tech (HTT) and semiconductor company Silicon Motion Technology (SIMO), which were down 3.4% and 2.7% respectively.From South Asia, the gainers were led by IT companies Infosys (INFY) and Wipro (WIT), which increased 2.8% and 2% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which rose 1.4% and 0.3% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which dropped 2.8% and 1.4% respectively. They were followed by IT firm Sify Technologies (SIFY), which was off 0.4%.

$ASX$CAN$FEDU$HDB$HTT$INFY$KRKR$LPL$PHI$SE$SIFY$SIMO$TAK$TC$WIT
Wire

Silicon Motion Technology Keeps Quarterly Dividend at $0.50 per ADS, Payable Aug. 20 to Holders of Record Aug. 6

Silicon Motion Technology Keeps Quarterly Dividend at $0.50 per ADS, Payable Aug. 20 to Holders of Record Aug. 6

$SIMO
Asia Markets

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

Asian equities traded in the US as American depositary receipts were surging higher Tuesday morning, rising 1.94% to 2,917.79 on 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 climbed 8% and 6.6% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and fintech firm Jiayin Group (JFIN), which advanced 6.4% and 4.2% respectively.The decliners from North Asia were led by online game developer The9 (NCTY) and tech company Alibaba Group (BABA), which fell 3.2% and 1.7% respectively. They were followed by streaming music service Tencent Music Entertainment Group (TME) and education company 17 Education & Technology Group (YQ), which increased 1.5% and 1.4% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which rose 6.2% and 2.2% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were up 1% and 0.8% respectively.The decliners from South Asia were led by fintech company Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which dropped 2.9% and 0.8% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were off 0.6% and 0.3% respectively.

$ASX$BABA$CAN$HDB$HIMX$INFY$JFIN$NCTY$PHI$RDY$SIFY$SIMO$TDTH$TLK$TME$YQ
Asia Markets

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%.

$ASX$CAN$HIMX$LI$LPL$LX$NIO$RDY$SE$SIMO$TDTH$UMC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Wednesday Trading

Asian equities traded in the US as American depositary receipts were edging lower Wednesday morning, easing 0.15% to 2,865.02 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive marketplace Token Cat (TC) and real estate management and digital security company Eason Technology (DXF), which soared 170% and 140% respectively. They were followed by used car platform Uxin (UXIN) and travel company Tuniu (TOUR), which advanced 13% and 5.7% respectively.The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and LG Display (LPL), which fell 5.6% and 5.1% respectively. They were followed by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which were down 4.9% and 2.3% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and Telekomunikasi Indonesia (TLK), which rose 3.8% and 2.4% respectively. They were followed by Canaan (CAN) and telecommunications operator PLDT (PHI), which were up 1% and 0.6% respectively.The decliners from South Asia were led by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 12% and 2.7% respectively. They were followed by fintech firm Trident Digital Tech (TDTH) and lender HDFC Bank (HDB), which lost 2.1% and 1% respectively.

$CAN$DXF$HDB$HIMX$JG$LPL$PHI$RDY$SE$SIMO$TC$TDTH$TLK$TOUR$UXIN$WIT
Asia Markets

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

Asian equities traded in the US as American depositary receipts were lower Thursday morning, declining 0.44% to 2,793.79 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education firm 51Talk Online Education Group (COE) and Korea Electric Power (KEP), which rose 11% and 3.5% respectively. They were followed by semiconductor firm Silicon Motion Technology (SIMO) and lender Nomura (NMR), which increased 3.4% and 3.3% respectively.The decliners from North Asia were led by fintech firm High Templar Tech (HTT) and internet and data center services provider VNET Group (VNET), which dropped 16% and 6.2% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and tech company Alibaba Group (BABA), which lost 5.2% and 4.7% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 2.2%. It was followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which were up 1.5% and 0.7% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and Canaan (CAN), which fell 4.7% and 2.1% respectively. They were followed by IT firms Infosys (INFY) and Wipro (WIT), which were down 1.9% and 1.8% respectively.

$BABA$CAN$COE$HIMX$HTT$IBN$INFY$KEP$NMR$RDY$SE$SIFY$SIMO$VNET$WIT
Insider Trading

Silicon Motion Technology Insider Sold Shares Worth $930,320, According to a Recent SEC Filing

Kuan-Ming Lin, Director, on June 17, 2026, sold 3,000 shares in Silicon Motion Technology (SIMO) for $930,320. Following the Form 4 filing with the SEC, Lin has control over a total of 7,500 American depositary shares of the company, with 7,500 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1329394/000089843226000432/xslF345X05/form4.xmlPrice: $311.90, Change: $-7.10, Percent Change: -2.23%

$SIMO
Asia Markets

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

Asian equities traded in the US as American depositary receipts fell Tuesday morning, tumbling 3.1% to 2,816.27 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and pharmaceutical company Takeda Pharmaceutical (TAK), which rose 2% each. They were followed by travel company Tuniu (TOUR), which was up 0.1%.The decliners from North Asia were led by fintech firm Jiayin Group (JFIN) and semiconductor company ASE Technology (ASX), which fell 29.9% and 7.6% respectively. They were followed by video display maker LG Display (LPL) and semiconductor company Silicon Motion Technology (SIMO), which shed 6.9% and 6.4% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 3.1% and 1.5% respectively. They were followed by IT firm Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which advanced 1% each.The decliners from South Asia were lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were down 1% and 0.5% respectively.

$ASX$CAN$CMCM$IBN$INFY$JFIN$LPL$RDY$SIFY$SIMO$TAK$TDTH$TLK$TOUR$WIT
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Edge Up Monday

Asian equities traded in the US as American depositary receipts opened the week slightly higher Monday morning, rising 0.11% to 2,914.33 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and semiconductor company Silicon Motion Technology (SIMO), which climbed 11% and 7.4% respectively. They were followed by semiconductor company ASE Technology (ASX) and online game developer Gravity (GRVY), which advanced 6.5% and 5.5% respectively.The decliners from North Asia were led by 17 Education & Technology Group (YQ) and LG Display (LPL), which fell 6% and 5.6% respectively. They were followed by fintech firm J and Friends (JF) and Eason Technology (DXF), which were down 4.6% and 4.4% respectively.From South Asia, the gainers were led by Canaan (CAN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 7.6% and 5.1% respectively. They were followed by IT firm Infosys (INFY) and ICICI Bank (IBN), which were up 4.2% and 1.9% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Wipro (WIT), which dropped 11% and 6.5% respectively. They were followed by Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which lost 3.4% and 1.3% respectively.

$ASX$CAN$DXF$GRVY$IBN$INFY$JF$JG$LPL$RDY$SE$SIMO$TDTH$TLK$WIT$YQ
Asia Markets

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

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.

$ASX$CAN$CMCM$FEDU$IBN$INFY$KRKR$MOGU$PHI$RDY$SE$SIMO$TC$TDTH$UXIN$WIT
Asia Markets

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

Asian equities traded in the US as American depositary receipts were climbing sharply higher Wednesday morning, rising 1.16% to 2,892.96 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and semiconductor company Silicon Motion Technology (SIMO), which were up 5.5% and 4.6% respectively. They were followed by lender Nomura (NMR) and game live-streaming service HUYA (HUYA), which rose 3.8% and 3.3% respectivelyThe decliners from North Asia were led by used car marketplace Uxin (UXIN) and tech company Xunlei (XNET), which fell 6.1% and 5.4% respectively. They were followed by lender CNFinance (CNF) and mobile big data platform Aurora Mobile (JG), which were down 4.9% and 3.4% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which advanced 4.6% and 4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were up 0.7% each.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which dropped 13.6% and 3.6% respectively. They were followed by telecommunications operator PLDT (PHI) and IT company Sify Technologies (SIFY), which dropped 2.7% and 1.1% respectively.

$CANPHI$CNF$HDB$HIMX$HUYA$JG$NMR$SE$SIFY$SIMO$TDTH$TLK$UXIN$WIT$XNET
Asia Markets

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

Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.31% to 2,773.92 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 7.5% and 5%, respectively. They were followed by semiconductor company ASE Technology (ASX) and solar panel maker JinkoSolar (JKS), which advanced 4.2% and 4.1%, respectively.The decliners from North Asia were led by real estate management and digital security firm Eason Technology (DXF) and mobile big data platform Aurora Mobile (JG), which fell 12% and 10%, respectively. They were followed by education company 51Talk Online Education Group (COE) and brand platform 36Kr (KRKR), which dropped 7% and 4.5%, respectively.From South Asia, the gainers were led by IT company Sify Technologies (SIFY), which rose 5.2%. It was followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 3.3% and 2%, respectively.The only decliners from South Asia were IT companies Wipro (WIT) and Infosys (INFY), which were down 1.9% and 0.5%, respectively.

$ASX$DXF$HIMX$IBN$INFY$JG$JKS$KRKR$SIFY$SIMO$TDTH$TLK$WIT$XOE
Asia Markets

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

Asian equities traded in the US as American depositary receipts were rising sharply Tuesday morning, up 1.04% to 2,925.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 13% and 5.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and tech company Alibaba Group (BABA), which advanced 5.1% and 4.6% respectively.The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and online brokerage UP Fintech (TIGR), which dropped 7.4% and 7% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and real estate management and digital security company Eason Technology (DXF), which lost 6.5% and 3.9% respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and lender HDFC Bank (HDB), which rose 7.6% and 0.5% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which were up 0.2% and 0.1% respectively.The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which fell 6.9% and 2.1% respectively. They were followed by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which were down 2% and 1.5% respectively.

$BABA$CAN$DXF$HDB$HIMX$INFY$JG$PHI$SE$SIFY$SIMO$TDTH$TIGR$VNET$WIT$YQ
Asia Markets

Asian Equities Traded in US as ADRs Fall in Wednesday Trading

Asian equities traded in the US as American depositary receipts fell Wednesday with the S&P Asia 50 ADR Index dropping 0.4% to 2,872.69.From North Asia, the gainers were led by fintech firms Qfin Holdings (QFIN) and LexinFintech (LX), which surged 24% and 10%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and social media platform JOYY (JOYY), which advanced 9% and 4.3%, respectively.The decliners from North Asia were led by video display maker LG Display (LPL) and mobile big data platform Aurora Mobile (JG), which shed 11% and 9%, respectively. They were followed by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which dropped 5.1% and 4.6%, respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which climbed 23% and 2.3%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1% and 0.7%, respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which fell 3% and 2.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Sify Technologies (SIFY), which were down 1.4% and 1.1%, respectively.

$CAN$HDB$HIMX$INFY$JG$JOYY$LPL$LX$QFIN$RDY$SE$SIFY$SIMO$TDTH$TLK$VNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Soar in Wednesday Trading

Asian equities traded in the US as American depositary receipts were soaring Wednesday morning, rising 3.38% to 2,885.55 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by tech companies Baidu (BIDU) and Alibaba Group (BABA), which climbed 8.3% and 6.1% respectively. They were followed by fintech firm J and Friends (JF) and lender Mitsubishi UFJ Financial Group (MUFG), which advanced 4.4% and 3.6% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and polysilicon manufacturer Daqo New Energy (DQ), which fell 5.6% and 5.1% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and brand platform 36Kr (KRKR), which were down 2.8% and 2.3% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which rose 5% and 3.5% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 3.3% and 2.3% respectively.The only decliners from South Asia were computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 3.8% and 0.9% respectively.

$BABA$BIDU$CAN$CCM$DQ$HDB$IBN$JF$KRKR$MUFG$RDY$SE$SIMO$TDTH
Wire

B. Riley Adjusts Silicon Motion Technology Price Target to $250 From $167, Maintains Buy Rating

B. Riley Adjusts Silicon Motion Technology Price Target to $250 From $167, Maintains Buy Rating

$SIMO

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