DR Market News Briefs

Asian Equities Remain Flat in Thursday Trading


Last updated: 03/16/2023 10:46:09

10:46 AM EDT, 03/16/2023 (MT Newswires) -- Asian equities were slightly higher in Thursday morning trading as American depositary receipts of Asian stocks nudged 0.18% higher to 1,491.39 on the S&P Asia 50 ADR Index.

In North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and automotive transaction service platform Cango (CANG), which climbed 8.3% and 6.9% respectively. They were followed by wealth management firm Puyi (PUYI) and content aggregator Qutoutiao (QTT), which rose 6% and 4.6% respectively.

The decliners in North Asia were led by online financial services provider China Finance Online (JRJCY), which plummeted 92%, followed by solar panel maker JinkoSolar (JKS), biotech firm BeiGene (BGNE), and ecommerce fashion platform MOGU Inc. (MOGU), which lost 7.9%, 7.7%, and 6.4% respectively.

In South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and biotech company ASLAN Pharmaceuticals (ASLN), which rose 1.6% and 1.3% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank (HDB), which were up 0.4% and 0.2% respectively.

The decliners in South Asia were led by telecommunications operator PLDT (PHI) and tech conglomerate Sea Limited (SE), which dropped 1.9% and 1.2% respectively. They were followed by business process management company WNS (WNS) and IT firm Infosys (INFY), which were down 0.6% each.

Copyright © 2023 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

Quotes displayed with 15 minutes delay. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. News provided by MT Newswires, a Division of MidnightTrader, Inc. Events Data provided by Wall Street Horizon. ©2021 Wall Street Horizon, Inc.