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 moderately higher Thursday morning, rising 0.36% to 2,768.22 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and solar panel maker JinkoSolar (JKS), which advanced 4.3% and 4.1% respectively. They were followed by fintech firm LexinFintech (LX) and tech company Xunlei (XNET), which increased 2.5% and 2.3% respectively.The decliners from North Asia were led by electric vehicle maker NIO (NIO) and semiconductor company Silicon Motion Technology (SIMO), which fell 3.7% and 3.5% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company Himax Technologies (HIMX), which were down 2.1% and 1.5% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which rose 0.7% and 0.6% respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.5% and 0.2% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 0.4% and 0.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which were off 0.2% and 0.1% respectively.
