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

MT Newswires Live10-10

Asian equities traded in the US as American depositary receipts were moving modestly lower Thursday morning, declining 0.26% to 2,111.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by financial services company CNFinance (CNF) and property technology company Fangdd Network Group (DUO), which climbed 6.8% and 6.2% respectively. They were followed by online game developer The9 (NCTY) and consumer lending firm Qudian (QD), which rose 3.6% and 2.7% respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and fintech firm AMTD Digital (HKD), which fell 8.3% and 6.3% respectively. They were followed by game live-streaming platform HUYA (HUYA) and solar panel maker JinkoSolar (JKS), which dropped 5.2% and 4.4% respectively.

From South Asia, the only gainers were IT firm Sify Technologies (SIFY) and financial services company HDFC Bank (HDB), which increased 8.9% and 1.4% respectively.

The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which lost 3.4% and 2.9% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and business process management company WNS (WNS), which were down 2.1% and 1.4% respectively.

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