Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading

MT Newswires Live09-10

Asian equities traded in the US as American depositary receipts were heading lower Tuesday morning, declining 0.69% to 1,879.57 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar project developer Emeren (SOL) and online education platform 51Talk Online Education Group (COE), which climbed 7.1% and 6.9% higher respectively. They were followed by solar panel maker JinkoSolar (JKS) and consumer lending firm Qudian (QD), which rose 3.5% and 2.8% respectively

The decliners from North Asia were led by online brokerage UP Fintech (TIGR) and thin-film liquid display maker LG Display (LPL), which dropped 4.2% and 3.1% respectively. They were followed by education company Four Seasons Education (FEDU) and automotive ecommerce platform Cango (CANG), which were down 1.5% and 0.6% respectively.

From South Asia, the only gainers were IT firms Wipro (WIT) and Infosys (INFY), which increased 1.4% and 1.3% respectively.

The decliners from South Asia were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which fell 1.3% and 1.1% respectively. They were followed by IT firm Sify Technologies (SIFY), which was off 0.8%.

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