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

MT Newswires Live01-22

Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.82% to 2,881.75 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by tech company Alibaba Group (BABA) and diagnostic imaging centers company Concord Medical Services (CCM), which rose 7.1% and 6% respectively. They were followed by internet and data center services provider VNET Group (VNET) and fintech firm J and Friends (JF), which advanced 5.3% and 4% respectively.

The decliners from North Asia were led by utilities company Korea Electric Power (KEP) and automotive marketplace Cango (CANG), which were down 2.7% and 2.1% respectively. They were followed by tech company Xunlei (XNET) and lender Mitsubishi UFJ Financial Group (MUFG), which fell 1.8% each.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which increased 4.8% and 3.8% respectively. They were followed by telecommunications operator PLDT (PHI) and tech conglomerate Sea (SE), which were up 3.7% and 3.5% respectively.

The only decliner from South Asia was lender ICICI Bank (IBN), which was off 0.1%.

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.

Comments

We need your insight to fill this gap
Leave a comment