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

MT Newswires Live10-14

Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.25% to 2,150.34 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm LexinFintech (LX) and pet-focused platform Boqii (BQ), which climbed 8.1% and 7.2% respectively. They were followed by computer hardware maker Canaan (CAN) and internet and data center provider VNET Group (VNET), which rose 5.2% each.

The decliners from North Asia included online brokerage UP Fintech (TIGR) and media company Phoenix New Media (FENG), which fell 8.5% and 7.3% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM), which fell 7.1%.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which advanced 16% and 3.5% respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Infosys (INFY), which were up 2.2% and 1.8% respectively.

The decliners from South Asia were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which lost 1.7% and 0.7% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment