Asian Equities Traded in the US as ADRs Rise in Thursday Trading

MT Newswires Live12-19

Asian equities traded in the US as American depositary receipts rose Thursday morning with the S&P Asia 50 ADR Index up 0.22% to 2,042.08.

From North Asia, the gainers were led by automotive ecommerce platform TuanChe (TC) and internet and data center service provider VNET Group (VNET), which climbed 8.1% and 4.7% respectively. They were followed by fintech firm Jiayin Group (JFIN) and travel company Tuniu (TOUR), which were up 3.8% and 3.6% respectively.

The decliners from North Asia were led by automotive ecommerce platform Cango (CANG) and mobile big data platform Aurora Mobile (JG), which fell 14% and 5.6% respectively. They were followed by solar panel maker JinkoSolar (JKS) and online game developer The9 (NCTY), which were down 3.4% and 3.3% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which increased 4.7% and 3.2% respectively. They were followed by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which advanced 2.5% and 0.8% respectively.

The only decliners from South Asia were IT firm Sify Technologies (SIFY) and financial services company HDFC Bank (HDB), which were off 1.3% and 0.1% respectively.

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