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

MT Newswires Live
27 Mar

Asian equities traded in the US as American depositary receipts were modestly higher Thursday morning, rising 0.6% to 2,234.2 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Jiayin Group (JFIN) and video-sharing platform iQIYI (IQ), which climbed 24.6% and 8.7% respectively. They were followed by biotech firm Zai Lab (ZLAB) and online education technology company 17 Education & Technology Group (YQ), which advanced 7% and 4.8% respectively.

The decliners from North Asia were led by electric vehicle maker NIO (NIO) and diagnostic imaging centers company Concord Medical Services (CCM), which fell 4.6% and 4.2% respectively. They were followed by digital healthcare app 111 (YI) and automotive company Honda Motor (HMC), which dropped 3% and 2.8% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which rose 4% and 2.4% respectively. They were followed by tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which were up 1.7% and 1.6% respectively.

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