Asian Equities Traded in the US as ADRs Fall in Thursday Trading

MT Newswires Live12-11 23:43

Asian equities traded in the US as American depositary receipts fell Thursday morning with the S&P Asia 50 ADR Index dropping 0.9% to 2,705.21.

From North Asia, the decliners were led by used car platform Uxin (UXIN), which fell 7.4%. It was followed by computer hardware maker Canaan (CAN) and polysilicon manufacturer Daqo New Energy (DQ), which dropped 5.6% and 5.4% respectively.

The gainers from North Asia were led by pet-focused platform Boqii (BQ) and fintech firm Maase (MAAS), which surged 16% and 15% respectively. They were followed by lender Nomura (NMR) and brand platform 36Kr (KRKR), which increased 2.3% and 1.4% respectively.

From South Asia, the decliners were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which lost 2.1% and 1.7% respectively. They were followed by IT firms Wipro (WIT) and Infosys (INFY), which were down 1.2% and 1.1% respectively.

The gainers from South Asia were led by tech conglomerate Sea (SE), which rose 1.3%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 1.2% and 0.4% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It was followed by computer hardware maker Canaan (CAN) and polysilicon manufacturer Daqo New Energy (DQ), which dropped 5.6% and 5.4% respectively.The gainers from North Asia were led by pet-focused platform Boqii (BQ) and fintech firm Maase (MAAS), which surged 16% and 15% respectively. They were followed by lender Nomura (NMR) and brand platform 36Kr (KRKR), which increased 2.3% and 1.4% respectively.From South Asia, the decliners were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which lost 2.1% and 1.7% respectively. They were followed by IT firms Wipro (WIT) and Infosys (INFY), which were down 1.2% and 1.1% respectively.The gainers from South Asia were led by tech conglomerate Sea (SE), which rose 1.3%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 1.2% and 0.4% respectively.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590426517","isCrawlerRequest":true}