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

MT Newswires Live12-26 23:39

Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.72% to 2,103.88 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by the pet-focused platform Boqii (BQ) and internet and data center provider VNET Group (VNET), which climbed 19.8% and 11.8% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and streaming service iQIYI (IQ), which rose 4.4% and 2.6% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe (TC) and ecommerce fashion platform MOGU (MOGU), which fell 9.1% and 8% respectively. They were followed by brand platform Baozun (BZUN) and diagnostic imaging centers company Concord Medical Services (CCM), which dropped 9% and 5.9% respectively.

From South Asia, the only gainers were IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 3% and 1.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which lost 1% and 0.4% respectively. They were followed by financial services company HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.5% and 0.4% respectively.

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