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

MT Newswires Live2024-12-31

Asian equities traded in the US as American depositary receipts were trending higher Tuesday morning, rising 0.52% to 2,081.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm AMTD Digital (HKD) and ecommerce fashion platform MOGU (MOGU), which climbed 12% and 6.6% respectively. They were followed by automotive ecommerce platforms TuanChe (TC) and Autohome (ATHM), which rose 4.5% and 4% respectively.

The decliners from North Asia were led by healthcare platform 111 (YI) and ad agency iClick Interactive Asia Group (ICLK), which fell 6.3% and 6% respectively. They were followed by media company Phoenix New Media (FENG) and internet and data center services provider VNET Group (VNET), which dropped 4.6% and 3.9% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which increased 1.2% and 0.2% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Wipro (WIT), which were up 0.1% each.

The decliners from South Asia were led by tech conglomerate Sea (SE) and financial services company ICICI Bank (IBN), which lost 1.3% and 0.7% respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.6% and 0.2% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment