Asian Equities Traded in the US as American Depositary Receipts Flat in Tuesday Trading

MT Newswires Live11-19

Asian equities traded in the US as American depositary receipts were relatively flat Tuesday morning, nudging 0.043% higher to 2,040.67 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and automotive ecommerce platform TuanChe (TC), which rose 5.2% and 4%, respectively. They were followed by biotech firm Zai Lab (ZLAB) and computer hardware maker Canaan (CAN), which were up 3.6% and 1.6%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and media company Phoenix New Media (FENG), which fell 9.7% and 4.5%, respectively. They were followed by healthcare platform 111 (YI) and advertising agency iClick Interactive Asia Group (ICLK), which dropped 3.7% and 2.7%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which increased 3.7% and 1.4%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were up 0.9% each.

The lone decliner from South Asia was IT firm Infosys (INFY), which was off 0.1%.

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