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.

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