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

MT Newswires Live03-27

Asian equities traded in the US as American depositary receipts were modestly higher Thursday morning, rising 0.6% to 2,234.2 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Jiayin Group (JFIN) and video-sharing platform iQIYI (IQ), which climbed 24.6% and 8.7% respectively. They were followed by biotech firm Zai Lab (ZLAB) and online education technology company 17 Education & Technology Group (YQ), which advanced 7% and 4.8% respectively.

The decliners from North Asia were led by electric vehicle maker NIO (NIO) and diagnostic imaging centers company Concord Medical Services (CCM), which fell 4.6% and 4.2% respectively. They were followed by digital healthcare app 111 (YI) and automotive company Honda Motor (HMC), which dropped 3% and 2.8% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which rose 4% and 2.4% respectively. They were followed by tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which were up 1.7% and 1.6% respectively.

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