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

MT Newswires Live
08 May

Asian equities traded in the US as American depositary receipts were slightly lower Thursday morning, declining 0.11% to 2,150.54 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive marketplace Token Cat (TC) and brand platform 36Kr (KRKR), which climbed 9.3% and 6.7% respectively. They were followed by brand platform Baozun (BZUN) and fintech firm Highest Performances (MAAS), which advanced 3.6% and 0.2% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and internet and data center services provider VNET Group (VNET), which fell 7.4% and 6.7% respectively. They were followed by consumer lending firm Eason Technology (DXF) and financial services company CNFinance (CNF), which dropped 4.6% and 4.2% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 1.6% and 1.8% respectively. They were followed by IT company Infosys (INFY), which was up 0.1%.

The decliners from South Asia were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which lost 2.3% and 1.8% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.9% and 1.7% respectively.

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