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

MT Newswires Live
03 Jul

Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.38% to 2,346.13 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and internet and data center services provider VNET Group (VNET), which increased 8.4% and 5.8% respectively. They were followed by game live-streaming platform DouYu International (DOYU) and online game developer The9 (NCTY), which were up 5.2% and 2.9%, respectively.

The decliners from North Asia were led by wealth management firm Noah (NOAH) and financial services company CNFinance (CNF), which fell 12% and 3.6% respectively. They were followed by brand platform 36Kr (KRKR) and mobile big data platform Aurora Mobile (JG), which lost 3.5% and 2.7% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which advanced 1.6% and 0.5% respectively. They were followed by IT firm Infosys (INFY) and financial services company ICICI Bank (IBN), which were up 0.2% and 0.1% respectively.

The only decliners from South Asia were telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were down 1.5% and 0.4% respectively.

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