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

MT Newswires Live11-11

Asian equities traded in the US as American depositary receipts opened the week tracking lower Monday morning, with the S&P Asia 50 ADR Index declining 0.62% to 2,078.12.

From North Asia, the gainers were led by tech company Canaan (CAN) and automotive ecommerce platform Cango (CANG), which surged 36% and 12%, respectively. They were followed by online game developer The9 (NCTY) and ad agency iClick Interactive Asia Group (ICLK), which climbed 8.8% and 7.8%, respectively.

The decliners from North Asia were led by media company Phoenix New Media (FENG) and mobile big data platform Aurora Mobile (JG), which fell 8.7% and 7.6%, respectively. They were followed by ecommerce fashion platform MOGU (MOGU) and semiconductor company Himax Technologies (HIMX), which dropped 4.4% and 3%, respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and IT firm Infosys (INFY), which were up 3% and 1%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 2.2% and 1.4%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were off 0.3% and 0.04%, respectively.

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