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

MT Newswires Live06-10

Asian equities traded in the US as American depositary receipts opened the week trending higher Monday morning, rising 0.66% to 1,957.14 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM), which climbed 14%, followed by automotive e-commerce platform Cango (CANG) and wealth management firm Noah (NOAH), which rose 3.3% each. Travel company Tuniu (TOUR) was also up 3%.

The decliners from North Asia were led by brand platform 36Kr (KRKR), which fell 6.6%, and then property technology company Fangdd Network Group (DUO), which declined 5.8%. They were followed by e-commerce fashion platform MOGU (MOGU) and automotive e-commerce platform TuanChe (TC), which retreated 4.9% and 3.4%, respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratorie (RDY), which gained 1.2% and 0.9%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which tumbled 27%, followed by biotech firm Aslan Pharmaceuticals (ASLN) and IT company Infosys (INFY), which were down 1.9% and 1.8%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), which lost 1.6%.

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