Asian Equities Traded in the US as American Depositary Receipts Start Week Down Slightly in Monday Trading

MT Newswires Live07-29

Asian equities traded in the US as American depositary receipts opened the week slightly lower, declining 0.22% Monday morning to 1,938.26 on the S&P Asia 50 ADR Index.

From NorthAsia, the gainers were led by advertising agency iClick Interactive Asia Group (ICLK) and e-commerce fashion platform MOGU (MOGU), which rose 4.3% and 4.1%, respectively. They were followed by fintech platform Jiayin Group (JFIN) and e-commerce company Alibaba Group (BABA), which increased 3.7% and 3.4%, respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which fell 4.7% and 3.9%, respectively. They were followed by mobile health care platform 111 (YI) and online education platform 51Talk Online Education Group (COE), which retreated 2.9% and 2.8%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which were up 5.3% and 2.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank (IBN), which rose 1.4% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which lost 2% and 1% respectively. They were followed by IT firm Infosys (INFY) and financial services company HDFC Bank (HDB), which were off 0.8% each.

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