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

Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.81% to 2,891.78 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and education company 17 Education & Technology Group (YQ), which climbed 38% and 3.6% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and fintech firm J and Friends (JF), which advanced 3.5% and 2% respectively.

The decliners from North Asia were led by fashion platform MOGU (MOGU) and video display maker LG Display (LPL), which dropped 6.4% and 4.8% respectively. They were followed by real estate management company Eason Technology (DXF) and video streaming service DouYu International (DOYU), which lost 3.5% and 3.4% respectively.

From South Asia, the gainers were led by lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 0.7% and 0.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 0.5% and 0.4% respectively.

The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which fell 4.6% and 3.7% respectively. They were followed by IT firms Sify Technologies (SIFY) and Wipro (WIT), which were down 1.5% and 0.8% respectively.