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

MT Newswires Live04-10

Asian equities traded in the US as American depositary receipts were tumbling lower Thursday morning, falling 2.00% to 1,928.36 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and game live-streaming service HUYA (HUYA), which advanced 8.1% and 3.4% respectively. They were followed by e-commerce company JD.com (JD) and fintech firm Qifu Technology (QFIN), which increased 4.8% and 3.8% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and polysilicon manufacturer Daqo New Energy (DQ), which dropped 21% and 8.4% respectively. They were followed by solar panel maker JinkoSolar (JKS) and mobile healthcare platform 111 (YI), which fell 8.9% and 7.4% respectively.

From South Asia, the lone gainer was IT firm Sify Technologies (SIFY), which was up 0.5%.

The decliners from South Asia were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and IT company Infosys (INFY), which lost 3% and 1.9% respectively. They were followed by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which were down 1.7% and 1% respectively.

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