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

Asian equities traded in the US as American depositary receipts were sharply lower Thursday morning, falling 1.8% to 2,740.17 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR) and automotive marketplace Autohome (ATHM), which climbed 9% and 6.2% respectively. They were followed by automotive marketplace Cango (CANG) and semiconductor company Silicon Motion Technology (SIMO), which advanced 2.8% and 2.3% respectively.

The decliners from North Asia were led by video-sharing platform Bilibili (BILI) and online game developer The9 (NCTY), which fell 6.8% and 2.5% respectively. They were followed by education company 17 Education & Technology Group (YQ) and thin-film liquid display maker LG Display (LPL), which were down 6.1% and 7% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firms Infosys (INFY) which was were up 6.4% and 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which dropped nearly 4% and 1.4% respectively. They were followed by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which lost 0.6% and 0.6% respectively.