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

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

MT newswireMT newswire2026/11/12 14:44
10:44 AM EST, 11/12/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts fell sharply Thursday morning, dropping 1.50% to 2,879.20 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and automotive company Honda Motor (HMC), which advanced 2.7% and 1.7%, respectively. They were followed by pharmaceutical company Takeda Pharmaceutical (TAK) and fintech firm AMTD Digital (HKD), which increased 1.6% and 0.7%, respectively. The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and tech company Alibaba Group (BABA), which fell 12.5% and 6.7%, respectively. They were followed by semiconductor company ASE Technology (ASX) and video display maker LG Display (LPL), which were down 5.2% and 3% respectively. From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which rose 1.4% and 0.4%, respectively. They were followed by IT firm Infosys (INFY) and lender HDFC Bank (HDB), which were up 0.1% each. The decliners from South Asia were led by computer hardware maker Canaan (CAN) and telecommunications operator PLDT (PHI), which lost 8.8% and 6.1%, respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which decreased 1.4% and 0.4%, respectively.
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