Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Thursday Trading

10:39 AM EDT, 10/22/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower Thursday morning, falling 1.60% to 2,858.15 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and Tencent Music Entertainment Group (TME), which rose 2.1% and 1.5% respectively. They were followed by diagnostic imaging company Concord Medical Services (CCM) and Takeda Pharmaceutical (TAK), which were up 1.4% each. The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and semiconductor company ASE Technology (ASX), which fell 8% and 6.7% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and biopharmaceutical firm Zai Lab (ZLAB), which were down 6.6% and 6.1% respectively. From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which advanced 3.1% and 1% respectively. They were followed by ICICI Bank (IBN), which increased 0.5%. The decliners from South Asia were led by tech group Sea (SE) and Canaan (CAN), which lost 3% and 2.2% respectively. They were followed by telecommunications operator PLDT (PHI) and HDFC Bank (HDB), which fell 1.5% and 0.9% respectively.