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

MT Newswires Live10-23

Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 0.54% to 2,082.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and automotive ecommerce platform Tuanche (TC), which climbed 9.1% and 3.6%, respectively. They were followed by video-sharing platform Bilibili (BILI) and education company Four Seasons Education (FEDU), which rose 2.8% and 2.2%, respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin (UXIN) and pet-focused platform Boqii (BQ), which fell 6.2% and 5.4%, respectively. They were followed by online brokerage UP Fintech (TIGR) and education company 51Talk Online Education Group (COE), which dropped 4.4% and 3.2%, respectively.

From South Asia, the lone gainer was IT firm Infosys (INFY), which was up 0.3%.

The decliners from South Asia were led by telecommunications operator Telkom Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.8% and 1.3%, respectively. They were followed by telecommunications operator PLDT (PHI) and tech conglomerate Sea (SE), which were off 0.8% and 0.3%, respectively.

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