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

MT Newswires Live
02-06

Asian equities traded in the US as American depositary receipts were trending higher Thursday morning, rising 0.34% to 2,186.28 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech company AMTD Digital (HKD) and online brokerage UP Fintech (TIGR), which climbed 12% and 5.2% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and automotive e-commerce platform Cango (CANG), which rose 5% and 4.4% respectively.

The decliners from North Asia were led by media company Phoenix New Media (FENG) and mobile big data platform Aurora Mobile (JG), which dropped 4.1% and 3.5% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and financial services company Nomura (NMR), which fell 2.1% and 1.9% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which rose 5.7% and 0.8% respectively. They were followed by pharmaceutical company Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which were up 0.4% and 0.3% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 0.5% each. They were followed by IT firm Wipro (WIT) and financial services company ICICI Bank (IBN), which were off 0.4% and 0.3% respectively.

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