Asian Equities Traded in the US as American Depositary Receipts Plummet in Monday Trading

MT Newswires Live08-05

Asian equities traded in the US as American depositary receipts were plummeting in Monday morning trading, shedding 3.65% to 1,768.56 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and ecommerce fashion platform MOGU (MOGU), which rose 5.3% and 5.1% respectively. They were followed by automotive ecommerce platform TuanChe (TC) and video-sharing platform Bilibili (BILI), which increased 4.4% and 2% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and fintech platform Jiayin Group (JFIN), which tumbled 30% and 12% respectively. They were followed by computer hardware maker Canaan (CAN) and media company Phoenix New Media (FENG), which fell 11% and 10% respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which dropped 14% and 11% respectively. They were followed by IT firm Wipro (WIT), which was down 4.1%.

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