Asian Equities Traded in US as American Depositary Receipts Gain in Thursday Trading

MT Newswires Live06-20

Asian equities traded in the US as American depositary receipts gained Thursday morning with the S&P Asia 50 ADR Index rising 0.2% to 1,952.9

From North Asia, the gainers were led by educational company Four Seasons Education (FEDU), which climbed 13%, followed by semiconductor company Himax Technologies (HIMX) and mobile app developer Cheetah Mobile (CMCM), which both rose 11%. They were followed by financial services company CNFinance (CNF), up 7.1%

The decliners from North Asia were led by consumer lending firm Dunxin Financial (DXF) and property technology company Fangdd Network Group (DUO), which fell 16% and 7.7% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and solar panel maker JinkoSolar (JKS), which dropped 5.7% and 3.8% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT company Sify Technologies (SIFY), which advanced 7.3% and 4% respectively. They were followed by financial services company HDFC Bank (HDB) and business process management company WNS (WNS), which were up 2.7% and 2.3% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), down 1.3%.

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