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

Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.59% to 2,618.27 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and brand platform Baozun (BZUN), which climbed 13.8% and 7.3% respectively. They were followed by automotive platform Token Cat (TC) and computer hardware maker Canaan (CAN), which advanced 5.6% and 4.3% respectively.

The decliners from North Asia were led by fintech firm Pintec Technology (PT) and utilities company Korea Electric Power (KEP), which fell 7.5% and 2.5% respectively. They were followed by healthcare platform 111 (YI) and game live-streaming service DouYu International (DOYU), which dropped 0.6% and 0.2% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which rose 1.5% and 0.7% respectively. They were followed by pharmaceutical company Dr. 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 IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 3% and 2.1% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT company Wipro (WIT), which were down 1.2% each.