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

MT Newswires Live09-12

Asian equities traded in the US as American depositary receipts were moving higher Thursday morning, rising 0.41% to 1,930.84 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer The9 (NCTY) and travel company Tuniu (TOUR), which rose 5.8% and 4.4% respectively. They were followed by social network JOYY (YY) and internet and data center operator VNET Group (VNET), which were up 1.6% and 1.4% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and financial services company Dunxin Financial (DXF), which dropped 11% and 9.8% respectively. They were followed by electric vehicle maker NIO (NIO) and biotech firm BeiGene (BGNE), which lost 7.1% and 6.6% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 2.5% and 2.4% respectively. They were followed by financial services company ICICI Bank (IBN) and IT firm Infosys (INFY), which were up 1.2% and 1.1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which lost 2.8%, followed by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which were off 0.6% each.

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