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

MT Newswires Live01-06 23:51

Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, surging 1.54% to 2,124.09 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and mobile big data platform Aurora Mobile (JG), which advanced 11% and 9.1%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and semiconductor company Himax Technologies (HIMX), which rose 9% and 7%, respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin (UXIN) and healthcare platform 111 (YI), which fell 7.3% and 3.7%, respectively. They were followed by ad agency iClick Interactive Asia Group (ICLK) and automotive ecommerce platform TuanChe (TC) 2.6% and 1.7%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which increased 1.3% and 0.7%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank (IBN), which were up 0.6% and 0.5%, respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 1.8%, followed by financial services company HDFC Bank (HDB) and IT firm Wipro (WIT), which were off 0.9% and 0.1%, respectively.

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