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

MT Newswires Live12-24 23:45

Asian equities traded in the US as American depositary receipts were slightly higher Tuesday morning, edging up 0.08% to 2,086.58 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and polysilicon manufacturer Daqo New Energy (DQ), which climbed 10 % and 7.2%, respectively. They were followed by automotive e-commerce platform Cango (CANG) and e-commerce brand platform Baozun (BZUN), which rose 7% and 6.8%, respectively.

The decliners from North Asia were led by automotive e-commerce platform TuanChe (TC) and e-commerce fashion platform MOGU (MOGU), which fell 9.2% and 8%, respectively. They were followed by fintech firm Jiayin Group (JFIN) and brand platform 36Kr (KRKR), which dropped 6.8% and 3.9%, respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were up 1.7% and 1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which increased 0.7% and 0.3% respectively.

The only decliners from South Asia were IT firm Infosys (INFY) and financial services company HDFC Bank (HDB), which were off 0.2% and 0.03% respectively.

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