Asian Equities Traded in the US as ADRs Rise in Monday Trading

MT Newswires Live09-30

Asian equities traded in the US as American depositary receipts rose Monday morning with the S&P Asia 50 ADR Index up 0.3% to 2,119.82.

From North Asia, the gainers were led by property technology company Fangdd Network Group (DUO) and used car e-commerce platform Uxin (UXIN), which jumped 94% and 30% respectively. They were followed by travel company Tuniu (TOUR) and online brokerage UP Fintech (TIGR), which both advanced 29%.

The decliners from North Asia were led by mobile platform Aurora Mobile (JG) and financial services company Nomura (NMR), which fell 13% and 4.9% respectively. They were followed by semiconductor company ASE Technology (ASX) and thin-film liquid display maker LG Display (LPL), which dropped 3.6% and 3.4% respectively.

From South Asia, the lone gainer was IT firm Wipro (WIT), which was up 0.1%.

The decliners from South Asia were led by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which lost 2.5% each. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were down 2.3% and 2% respectively.

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