Asian Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

MT Newswires Live10-07

Asian equities traded in the US as American depositary receipts were treading water in early Monday trading, nudging 0.04% lower to 2,165.49 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and online game developer The9 (NCTY), which climbed 19% and 10%, respectively. They were followed by polysilicon manufacturer Daqo New Energy (DQ) and wealth management firm Noah (NOAH), which rose 8.5% and 7%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group (DUO) and financial services company CNFinance (CNF), which tumbled 26% and 25%, respectively. They were followed by used car ecommerce platform Uxin (UXIN) and fintech firm Pintec Technology (PT), which fell 12% and 9.1%, respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which increased 10% and 1%, respectively. They were followed by business process management company WNS (WNS) and tech conglomerate Sea (SE), which were up 0.4% and 0.1%, respectively.

The decliners from South Asia were led by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which dropped 1.8% and 1.5%, respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Wipro (WIT), which were down 1% and 0.3%, respectively.

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