Asian Equities Traded in the US as American Depositary Receipts Open Week Slightly Lower in Tuesday Trading

MT Newswires Live05-28

Asian equities traded in the US as American depositary receipts opened the week modestly lower Tuesday morning, declining 0.19% to 1,947.18 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii (BQ) and e-commerce brand platform Baozun (BZUN), which climbed 13% and 10% respectively. They were followed by automotive e-commerce platforms Cango (CANG) and Uxin (UXIN), which advanced 9.9% and 8.5% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and online game developer The9 (NCTY), which fell 5.9% and 4.8% respectively. They were followed by solar project developer Emeren Group (SOL) and mobile big data platform Aurora Mobile (JG), which dropped 4.1% each.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 3.7%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which were up 2% and 0.1% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and biotech firm ASLAN Pharmaceuticals (ASLN), which lost 6.4% and 2% respectively. They were followed by financial services company ICICI Bank (IBN) and IT firm Wipro (WIT), which dropped 1.4% and 1.2% respectively.

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