Asian Equities Traded in the US as American Depositary Receipts Start Week Lower in Monday Trading

MT Newswires Live10-21

Asian equities traded in the US as American depositary receipts opened the week lower Monday morning, declining 0.71% to 2,097.21 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and pet-focused platform Boqii (BQ), which climbed 14% and 12%, respectively. Fintech firm Pintec Technology (PT) was up 3.8% and consumer lending firm LexinFintech (LX) added 2.4%.

The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and used car e-commerce platform Uxin (UXIN), which fell 12% and 7.4%, respectively. They were followed by ad agency iClick Interactive Asia Group (ICLK) and education company Four Seasons Education (FEDU), which dropped 4.3% and 4.1%, respectively.

From South Asia, the lone gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.2%.

The decliners from South Asia were led by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which lost 1.4% and 1%, respectively. They were followed by telecommunications operator PLDT (PHI) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.7% and 0.6%, respectively.

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