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

MT Newswires Live08-19

Asian equities traded in the US as American depositary receipts started the week moving higher Monday morning, rising 0.51% to 1,985.36 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Season Education (FEDU) and computer hardware maker Canaan (CAN), which climbed 7.7% and 4.9%, respectively. They were followed by video streaming service iQIYI (IQ) and casino and resort operator Melco Resorts & Entertainment (MLCO), which increased 4.8% each.

The decliners from North Asia were led by fintech platform Jiayin Group (JFIN), which fell 4.1%, and then automotive e-commerce platform Cango (CANG), which retreated 3.8%. They were followed by automotive e-commerce platform TuanChe (TC) and mobile big data platform Aurora Mobile (JG), which lost 3.7% and 3.5%, respectively.

From South Asia, the gainers were led by business process management company WNS (WNS) and IT firm Wipro (WIT), which rose 1.6% each. They were followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.3% and 1.1%, respectively.

The lone decliner from South Asia was financial services company ICICI Bank (IBN), which was off 0.4%.

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