Asian ADRs Move Lower in Thursday Trading

Last Updated: Thursday, September 16, 2021 10:36 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.8% lower at 2,004.86 on the S&P/BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by educational services provider Four Seasons Education (FEDU) and So-Young International (SY), an online platform for medical aesthetics, which rose 4.9% and 4.5%, respectively. They were followed by e-commerce fashion platform MOGU Inc. (MOGU) and big data platform Aurora Mobile Ltd. (JG), which increased 2.5% and 2.2%, respectively.

The decliners in North Asia were led by educational services provider China Online Education Group (COE) and aluminum producer Aluminum Corp. of China (ACH), which lost 7.2% and 6%, respectively. They were followed by live-streaming company JOYY Inc. (YY) and video-sharing services Bilibili Inc. (BILI), which were down 5.3% and 4.8%, respectively.

In South Asia, the gainers were led by bank holding companies ICICI Bank (IBN) and HDFC Bank (HDB), which rose 1.2% and 0.8%, respectively. They were followed by telecommunications operator PLDT Inc. (PHI) and business process management company WNS Holdings (WNS), which were up 0.7% and 0.4%.

The decliners in South Asia were led by IT firm Sify Technologies Limited (SIFY) and mining company Vedanta Limited (VEDL), which fell 2.4% and 1.0% respectively. They were followed by IT companies Wipro Limited (WIT) and Infosys Limited (INFY), which were down 1.8% and 1.5%.

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