Financial Wire

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

-- Asian equities traded in the US as American depositary receipts were little changed Thursday morning, edging 0.01% lower to 2,816.66 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and lender CNFinance (CNF), which rose 4.9% and 4.7% respectively. They were followed by fintech firm J and Friends (JF) and brand platform Baozun (BZUN), which were up 4.6% and 3.9% respectively.

The decliners from North Asia were led by solar panel maker JinkoSolar (JKS) and computer hardware manufacturer Canaan (CAN), which shed 16% and 4.7% respectively. They were followed by fintech company Maase (MAAS) and polysilicon manufacturer Daqo New Energy (DQ), which fell 3.9% and 3.5% respectively.

From South Asia, the gainers were led by IT company Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which advanced 3.2% and 1.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 0.9% and 0.4% respectively.

The only decliners from South Asia were IT firm Wipro (WIT) and lender HDFC Bank (HDB), which lost 2.4% and 1.6% respectively.

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