Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Thursday Trading
AI Briefing
- Asian equities listed in the US as American Depositary Receipts (ADRs) fell sharply in Thursday trading, with the MSCI Asia Softs index down 1.6% from Wednesday's close.
- The decline is largely due to a stronger US dollar, which makes it more expensive for investors to buy Asian stocks via ADRs.
- The MSCI China A Inclusion Index was down 2.1% and the MSCI Japan A Inclusion Index fell 1.3%.
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