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

MT Newswires Live08-06

Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.55% to 3,004.55 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and diagnostic imaging centers company Concord Medical Services (CCM), which climbed 12.8% and 7.8% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and fintech firm J and Friends (JF), which advanced 3.9% and 6.2% respectively.

The decliners from North Asia were led by fintech company Jiayin Group (JFIN) and used car marketplace Uxin (UXIN), which fell 12% and 4.9% respectively. They were followed by lender CNFinance (CNF) and internet and data center services provider VNET Group (VNET), which lost 4.3% and 3.1% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI) and computer hardware maker Canaan (CAN), which rose 1.4% and 0.8% respectively. They were followed by lender ICICI Bank (IBN) and IT firm Sify Technologies (SIFY), which were up 0.7% and 0.6% respectively.

The decliners from South Asia were led by IT company Infosys (INFY) and tech conglomerate Sea (SE), which dropped 3% and 2.9% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which were off 0.5% and 0.3% respectively.

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