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

MT Newswires Live04-03

Asian equities traded in the US as American depositary receipts fell Thursday morning, plummeting 4.2% to 2,069.8 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online education platform 51Talk Online Education Group (COE) and mobile app developer Cheetah Mobile (CMCM), which rose 2.2% and 1.7% respectively. They were followed by pharmaceutical company Takeda Pharmaceutical (TAK) and ad agency 36Kr (KRKR), which were up 1.6% and 0.9% respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and semiconductor company Himax Technologies (HIMX), which fell 10.5% and 9.8% respectively. They were followed by internet and data center services provider VNET Group (VNET) and financial services company Sumitomo Mitsui Financial Group (SMFG), which dropped 9.2% and 8.8% respectively.

From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which were up 0.6% and 0.5% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which fell 13.3% and 5.5% respectively. They were followed by IT firms Wipro (WIT) and Sify Technologies (SIFY), which were down 4.7% and 3.2% respectively.

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