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Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
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Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
Dec 5, 2024 7:54 AM

10:39 AM EST, 12/05/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.41% to 2,101.12 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce company Cango ( CANG ) and advertising agency iClick Interactive Asia Group ( ICLK ) , which climbed 14.3% and 4.5% higher respectively. They were followed by Online game developer The9 ( NCTY ) and home equity loan provider CNFinance ( CNF ) , which rose 5% and 4.1% respectively.

The decliners from North Asia were led by mobile big data platform diagnostic imaging centers company Concord Medical Services ( CCM ) and Aurora Mobile ( JG ) , which fell 7.5% and 2.3% respectively. They were followed by financial services firm Shinhan Financial Group ( SHG ) and thin-film liquid display maker LG Display ( LPL ) , which dropped 6.5% and 3.6% respectively.

From South Asia, the gainers were led by IT firm Infosys ( INFY ) , pharmaceutical company Dr. Reddy's Laboratories (RDY), and IT firm Sify Technologies ( SIFY ) , which were up 1.9%, 1.8% and 0.7% respectively.

The only decliners from South Asia were telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which were down 2% and 1.9% respectively.

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