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

MT Newswires Live08-26

Asian equities traded in the US as American depositary receipts were falling sharply Monday morning, dropping 2.56% to 1,934.78 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and computer hardware maker Canaan (CAN), which climbed 12.1% and 4.9% respectively. They were followed by automotive ecommerce platform TuanChe (TC) and fintech firm Jiayin Group (JFIN), which rose 7.2% and 3.4% respectively.

The decliners from North Asia were led by video-sharing platform Bilibili (BILI) and polysilicon manufacturer Daqo New Energy (DQ), which fell 7.1% and 5.3% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and brand platform 36Kr (KRKR), which lost 6.3% and 3.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1% and 1.3% respectively. They were followed by IT company Wipro (WIT) and telecommunications operator PLDT (PHI), which were up 0.6% and 0.5% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), which was down 2.3%.

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