Asian Equities Traded in the US as American Depositary Receipts Are Little Changed in Thursday Trading

MT Newswires Live06-06

Asian equities traded in the US as American depositary receipts were little changed Thursday morning, up less than 0.1% to 1,947.48 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platforms Cango (CANG) and TuanChe (TC), which rose 5.8% and 5.6% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and used car ecommerce platform Uxin (UXIN), which increased 4.4% and 3.5% respectively.

The decliners from North Asia were led by electric vehicle maker NIO (NIO) and online educational platform 17 Education & Technology Group (YQ), which fell 8.3% and 8.2% respectively. They were followed by media company Phoenix New Media (FENG) and pet-focused platform Boqii (BQ), which dropped 6.8% and 4% respectively.

From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which rose 2.5% and 1.8% respectively. They were followed by business process management company WNS (WNS) and biotech firm ASLAN Pharmaceuticals (ASLN), which were up 1.4% and 1.1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which fell 3.1%, followed by telecommunications operator PLDT (PHI) and financial services company ICICI Bank (IBN), which were off 0.8% and 0.4% respectively.

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