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

Asian equities traded in the US as American depositary receipts were trending slightly lower Thursday morning, declining 0.1% to 1,883.95 on the S&P Asia 50 ADR Index, which looks set to end the shortened trading week more than 1% lower.

From North Asia, the gainers were led by computer hardware maker Canaan CAN and online luxury retailer Secoo SSECO, which climbed 11.6% and 5.3% respectively. They were followed by mobile healthcare platform 111 YI and travel company Tuniu TOUR, which both rose 4%.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services CCM and mobile big data platform Aurora Mobile JG, which fell 5.8% and 5% respectively. They were followed by online real estate trading platform Fangdd Network Group DUO and fintech platform Jiayin Group JFIN, which lost 4.4% and 4.3% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies SIFY and business process management company WNS WNS, which increased 3.2% and 2.5% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories DRREDDY, which was up 1.8%.

The decliners from South Asia were biotech firm ASLAN Pharmaceuticals ASLN and telecommunications operator Telekomunikasi Indonesia TLKM, which were down 4.7% and 0.8%.