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

MT Newswires Live12-17

Asian equities traded in the US as American depositary receipts were trending lower Tuesday morning, declining 0.68% to 2,071.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media (FENG) and video-sharing platform Bilibili (BILI), which rose 6.8% and 5.2%, respectively. They were followed by travel company Tuniu (TOUR) and internet and data center services provider VNET Group (VNET), which were up 4% and 3.8%, respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and ecommerce brand platform Baozun (BZUN), which fell 13% and 11%, respectively. They were followed by online education platform 51Talk Online Education Group (COE) and healthcare platform 111 (YI), which dropped 6.1% and 5.9% ,respectively.

From South Asia, the lone gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which was up 0.2%.

The decliners from South Asia were led by financial services company HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which lost 1.9% and 1.5%, respectively. They were followed by financial services company ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.4% and 1.3%, respectively.

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