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

MT Newswires Live01-23

Asian equities traded in the US as American depositary receipts were edging lower on Thursday morning, down 0.2% to 2,123.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor maker Himax Technologies (HIMX) and after-school education and tutoring company TAL Education (TAL), which advanced 19% and 16%, respectively.

They were followed by exam preparation and tutoring company Gaotu Techedu (GOTU) and tech company Tuya (TUYA), which climbed 4.3% and 2.6%, respectively.

The decliners from North Asia were led by holographic products provider WiMi (WIMI) and apartment rental platform XChange (XHG), which fell 8.2% and 5.2%, respectively.

They were followed by biopharmaceutical company Zai Lab (ZLAB) and solar module manufacturer JinkoSolar (JKS), which dropped 3.3% and 1.8%, respectively.

From South Asia, the gainers were led by tech companies Wipro (WIT) and Infosys (INFY), which rose 1.6% and 0.5%, respectively.

The decliners from South Asia were led by pharmaceutical company Dr Reddy's Laboratories (RDY), which fell 5%, followed by banking and financial services company HDFC Bank (HDB), which was down 2.9%.

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