Asian Equities Traded in US as ADRs Drop in Thursday Trading

MT Newswires Live02-26 23:37

Asian equities traded in the US as American depositary receipts fell Thursday morning with the S&P Asia 50 ADR Index declining 1.7% to 2,942.66.

From North Asia, the gainers were led by LCD maker LG Display (LPL) and pet-focused platform Boqii (BQ), which rose 4% and 3% respectively. They were followed by used car marketplace Uxin (UXIN) and casino and resort operator Melco Resorts & Entertainment (MLCO), which were up 2.2% and 1.9% respectively.

The decliners from North Asia were led by consumer lender Eason Technology (DXF) and lender CNFinance (CNF), which shed 9.2% and 7.3% respectively. They were followed by online entertainment service iQIYI (IQ) and fashion platform MOGU (MOGU), which were down 6.2% and 5.6% respectively.

From South Asia, the gainers were led by IT services provided Infosys (INFY) and tech conglomerate Sea (SE), which advanced 2.6% and 2.2% respectively. They were followed by IT company Wipro (WIT) and telecommunications operator PLDT (PHI), which increased 2.1% and 0.4% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 0.8%, followed by lender ICICI Bank (IBN) and telecommunications operator Telekom Indonesia (TLK), which lost 0.4% and 0.3% 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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