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

MT Newswires Live10-17

Asian equities traded in the US as American depositary receipts were sharply higher Thursday morning, rising 1.56% to 2,118.62 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer Gravity (GRVY) and semiconductor company ASE Technology (ASX), which climbed 11% and 4.3% respectively. They were followed by fintech firm Pintec Technology (PT), which rose 2.2%.

The decliners from North Asia were led by video-sharing platform Bilibili (BILI) and live-streaming game service HUYA (HUYA), which fell 6.5% and 5.7% respectively. They were followed by consumer lending firm LexinFintech (LX) and electric vehicle maker NIO (NIO), which dropped 5.6% and 5.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 2.9%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 1.4% and 0.7% respectively.

The decliners from South Asia included IT firm Infosys (INFY), which lost 3.4%.

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