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.

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