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

Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.15% to 2,992.57 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform Baozun (BZUN) and lender CNFinance (CNF), which climbed 8.2% and 6.1% respectively. They were followed by education company 17 Education & Technology Group (YQ) and tech comapny Baidu (BIDU), which advanced 4.2% and 3.5% respectively.

The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and fintech firm Jiayin Group (JFIN), which fell 4% and 3.9% respectively. They were followed by fintech company Qfin (QFIN), which was down 3.6%.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Infosys (INFY), which rose 3% and 0.6% respectively. They were followed by IT company Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.3% and 0.1% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which dropped 2.1% and 1.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which lost 1.1% and 1% respectively.