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

MT Newswires Live12-09

Asian equities traded in the US as American depositary receipts were surging higher Monday morning, climbing 2.69% to 2,155.71 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online brokerage UP Fintech (TIGR) and e-commerce brand platform Baozun (BZUN), which jumped 28% and 24%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and video-sharing platform Bilibili (BILI), which advanced 19% and 17%, respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and utilities company Korea Electric Power (KEP), which fell 5.1% and 3.7%, respectively. They were followed by financial services company Shinhan Financial Group (SHG) and thin-film liquid display maker LG Display (LPL), which were off 1% and 0.2%, respectively.

From South Asia, the gainers were led by IT firms Wipro (WIT) and Sify Technologies (SIFY), which rose 4.1% and 2%, respectively. They were followed by IT firm Infosys (INFY) and financial services company HDFC Bank (HDB), which were up 1.9% and 1.4%, respectively.

The were no decliners from South Asia.

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