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

MT Newswires Live10-28

Asian equities traded in the US as American depositary receipts opened the week moving moderately higher Monday morning, rising 0.61% to 2,098.55 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform Cango (CANG) and and game live-streaming platform HUYA (HUYA), which advanced 17% and 10%, respectively. They were followed by electric vehicle maker NIO (NIO) and game-centric live streaming platform DouYu International (DOYU), which climbed 9.1% and 7%, respectively.

The decliners from North Asia were led by financial services company Shinhan Financial (SHG) and education company 17 Education & Technology Group (YQ), which fell 2.1% and 1.9%, respectively. They were followed by brand platform 36Kr (KRKR) and fintech firm Qifu Technology (QFIN), which were down 1.8% and 1.3%, respectively.

From South Asia, the gainers were led pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which rose 1.8% and 1.5%, respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which were up 1.3% and 1.2%, respectively.

The lone decliner from South Asia was telecommunications operator PLDT (PHI), which was off 0.3%.

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