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

MT Newswires Live09-26 22:33

Asian equities traded in the US as American depositary receipts were soaring Thursday after China unveiled its stimulus package, advancing 3.91% to 2,126.76 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by property technology firm Fangdd Network Group (DUO), which jumped 118%, while used car e-commerce platform Uxin (UXIN) and online video streaming service iQIYI (IQ) advanced 16% each. Music streaming service Tencent Music Entertainment Group (TME) climbed 14% higher.

There were no decliners from North Asia.

From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which rose 2.4% and 2.2% respectively. They were followed by tech conglomerate Sea (SE) and business process management company WNS (WNS), which were up 1.7% and 1.5% respectively.

The only decliners from South Asia were IT firm Sify Technologies (SIFY) and financial services company HDFC Bank (HDB), which dropped 2.4% and 1.7% respectively.

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