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Asian Equities Traded in the US as American Depositary Receipts Ease in Thursday Trading
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Asian Equities Traded in the US as American Depositary Receipts Ease in Thursday Trading
Jan 23, 2025 8:16 AM

10:45 AM EST, 01/23/2025 (MT Newswires) -- 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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