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

Asian equities traded in the US as American depositary receipts were lower Thursday morning, declining 0.87% to 2,244.10 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by ecommerce fashion platform MOGU (MOGU) and diagnostic imaging centers company Concord Medical Services (CCM), which surged 8.8% and 8% respectively. They were followed by education company Four Seasons Education (FEDU) and computer hardware maker Canaan (CAN), which rose 5.4% and 3% respectively.

The decliners from North Asia were led by video-based social media company JOYY (YY) and electric vehicle maker NIO (NIO), which fell 9.3 and 6.2% respectively. They were followed by online brokerage UP Fintech (TIGR) and video-sharing site Bilibili (BILI), which dropped 6.5% and 4.7% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.1%, followed by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which were up 0.4% and 0.1% respectively.

The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which lost 2.7% and 1.5% respectively. They were followed by telecommunications operator PT Telekomunikasi Indonesia (TLK) and IT company Sify Technologies (SIFY), which were down 2.2% and 1.1% respectively.