Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading

MT Newswires Live06-03

Asian equities traded in the US as American depositary receipts kicked off the week on a positive note in Monday morning, rising 0.74% to 1,936.11 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and internet and data center service provider VNET Group (VNET), which climbed 18% and 9.8%, respectively. They were followed by online game developer The9 (NCTY) and solar project developer Emeren Group (SOL), which rose 5.6% and 5%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group (DUO) and game live-streaming platform HUYA (HUYA), which dropped 5.1% and 3.1%, respectively. They were followed by online brokerage UP Fintech (TIGR) and streaming music service Tencent Music Entertainment Group (TME), which each fell 2.8%.

From South Asia, the gainers were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which increased 5.2% and 4.3%, respectively. They were followed by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which were up 1.7% and 1.4%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were down 2.3% and 1.5%, respectively. They were followed by business process management company WNS (WNS) and biotech firm ASLAN Pharmaceuticals (ASLN), which lost 1.2% and less than 0.1%, respectively.

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