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Asian ADRs Nudge Lower in Thursday Trading

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Last updated: 09/22/2022 10:33:14

10:33 AM EDT, 09/22/2022 (MT Newswires) --

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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