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

MT Newswires Live11-04

Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.52% to 2,072.20 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car ecommerce platform Uxin (UXIN) and consumer lending firm LexinFintech (LX), which climbed 8.6% and 8.5% respectively. They were followed by pet-focused platform Boqii (BQ) and mobile app developer Cheetah Mobile (CMCM), which advanced 7.1% and 6.2% respectively.

The decliners from North Asia were led by automotive ecommerce platform Cango (CANG) and financial services company CNFinance (CNF), which fell 11% and 6.7% respectively. They were followed by computer hardware maker Canaan (CAN) and automotive ecommerce platform TuanChe (TC), which dropped 5.6% and 5.2% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.4% and 0.4% respectively. They were followed by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which were up 0.2% each.

The only decliner from South Asia was telecommunications operator PLDT (PHI), which was down 1.1%.

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