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

Asian equities traded in the US as American depositary receipts were marginally higher Thursday morning, edging up 0.03% to 3,022.75 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and music streaming service Tencent Music Entertainment Group (TME), which advanced 13% and 2.9%, respectively. They were followed by tech company Xunlei (XNET) and biopharmaceutical company Zai Lab (ZLAB), which rose 2.7% and 2.6%, respectively.

The decliners from North Asia were led by automotive marketplace Token Cat (TC) and online retailer JD.com (JD), which dropped 7.7% and 5.2%, respectively. They were followed by real estate management and digital security company Eason Technology (DXF) and media company Phoenix New Media (FENG), which lost 2.8% and 2.7%, respectively.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 2.5% and 0.6%, respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.5% and 0.4%, respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and lender ICICI Bank (IBN), which fell 2.3% and 0.9%, respectively.