Asian ADRs Tumble in Thursday Trading

Last Updated: Thursday, June 30, 2022 10:47 AM | MT Newswires

American depositary receipts of Asian stocks were trading 2.56% lower at 1,479,26 on the S&P/BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by travel company Tuniu Corporation (TOUR) and fintech firm Qudian Inc. (QD), which climbed 11% and 6.3% respectively. They were followed by real estate services provider Leju Holdings Limited (LEJU) and solar panel maker JinkoSolar (JKS), which rose 3.4% and 3%.

The decliners in North Asia were led by online video game operators The9 Limited (NCTY) and HUYA Inc. (HUYA), which fell 16% and 8.6% respectively. They were followed by online entertainment service iQIYI, Inc. (IQ) and online luxury retailer Secoo Holding Limited (SECO), which lost 7.1% and 7.3%.

In South Asia there were no gainers.

The decliners in South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and digital entertainment company Sea Limited (SE), which lost 4.4% and 4.1% respectively. They were followed by automaker Tata Motors (TTM) and financial services firm HDFC Bank (HDB), which dropped 3.1% and 2.0%.

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