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

MT Newswires Live11-26 23:53

Asian equities traded in the US as American depositary receipts were moving sharply lower Tuesday morning, falling 0.95% to 2,023.19 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer The9 (NCTY) and consumer lending firm LexinFintech (LX), which climbed 18.5% and 18.4% higher respectively. They were followed by mobile app developer Cheetah Mobile (CMCM), which rose 6%.

The decliners from North Asia were led by automotive ecommerce platform TuanChe (TC) and fintech firm Pintec Technology (PT), which lost 12% and 9.3% respectively. They were followed by electric vehicle maker NIO (NIO) and internet and data center company VNET Group (VNET), which dropped 6.3% and 4.6% respectively.

From South Asia, the only gainers were IT firm Infosys (INFY) and telecommunications operator PLDT (PHI), which were up 0.9% and 0.3% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which fell 2.1%, followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.6% and 1.3% respectively.

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