Asian ADRs Move Up in Thursday Trading

Last Updated: Thursday, October 28, 2021 11:04 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.6% higher at 1,994.14 on the S&P/BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by Taiwanese display services provider AU Optronics (AUO) and South Korean digital display products developer LG Display (LPL), which climbed 9.3% and 7%, respectively. Chinese computer hardware manufacturer Canaan (CAN) followed, up 4.7%, and automotive marketplace operator TuanChe (TC), which rose 4.4%.

Online brokerage platforms Futu Holdings (FUTU) and Up Fintech Holding Limited (TIGR) led the decliners in North Asia, down 19% and 16%, respectively. They were followed by China-based provider of after-school education services Puxin (NEW) and marketing and commercial services consultancy Rise (REDU), which fell 15% and 6.7%.

In South Asia, Philippines-based telecommunications company PLDT (PHI) and Indian information and communications technology company SIFY Technologies (SIFY) led the gainers, up 1.9% and 0.9%, respectively. They were followed by India-based business process management company WNS Holdings (WNS) and consumer internet company Sea Ltd. (SE), which went 0.6% and 0.5% higher.

The decliners in South Asia were led by pharmaceutical company ASLAN (ASLN) and Indian financial services company HDFC Bank (HDB), which lost 3.6% and 2%, respectively. Indian financial services company ICICI Bank (IBN) followed at 1.7% lower and mining company Vedanta (VEDL) at 1.2% lower.

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