Asian ADRs Nudge Lower in Thursday Trading

Last Updated: Thursday, September 22, 2022 10:33 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.095% lower at 1,387.46 on the S&P/BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by ad agency iClick Interactive Asia Group (ICLK) and automotive ecommerce platform TuanChe (TC), which climbed 10% and 9.4% respectively. They were followed by online luxury retailer Secoo Holding (SECO) and electric vehicle maker NIO Inc. (NIO), which rose 5.1% and 4% respectively.

The decliners in North Asia were led by fintech company Pintec Technology (PT) and mobile app developer Cheetah Mobile Inc. (CMCM), which fell 15% and 6.6% respectively. They were followed by technology company Xunlei Limited (XNET) and used car ecommerce platform Uxin Limited (UXIN), which were off 2.4% and 1.4% respectively.

In South Asia, the gainers were led by automaker Tata Motors (TTM), which rose 1%, followed by telecommunications operators PLDT Inc. (PHI) and Telekomunikasi Indonesia (TLK), which were up 0.7% and 0.6% respectively.

The decliners in South Asia were led by financial services company HDFC Bank (HDB) and digital entertainment firm Sea Limited (SE), which lost 2% each. They were followed by business process management company WNS Holdings (WNS) and biotech firm ASLAN Pharmaceuticals (ASLN), which were down 1.2% and 1.1% respectively.

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