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

MT Newswires Live11-18

Asian equities traded in the US as American depositary receipts kicked off the week moving higher, rising 0.59% to 2,027.51 Monday morning on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Qifu Technology (QFIN) and e-commerce fashion platform MOGU (MOGU), which rose 4.8% and 4.6%, respectively. They were followed by electric vehicle maker NIO (NIO) and video-sharing platform Bilibili (BILI), which were up 4.1% each.

The decliners from North Asia were led by automotive e-commerce platform Cango (CANG) and advertising firm iClick Interactive Asia Group (ICLK), which fell 4.8% and 3.8%, respectively. They were followed by biotech firm Zail Lab (ZLAB) and media company Phoenix New Media (FENG), which lost 3.4% each.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which increased 3.4% and 2.6%, respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 2.4% and 0.5% respectively.

The only decliners from South Asia were pharmaceutical company Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which were off 0.7% and 0.4% respectively.

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