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

Asian equities traded in the US as American depositary receipts were moving lower Tuesday morning, declining 0.27% to 2,105.89 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and diagnostic imaging centers company Concord Medical Services (CCM), which climbed 7.3% and 7.7% higher respectively. They were followed by solar panel maker JinkoSolar (JKS) and video-based social media platform Bilibili (BILI), which advanced 4.5% and 3.1% respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which dropped 9.2% and 4.1% respectively. They were followed by advertising agency iClick Interactive Asia Group (ICLK) and consumer lending firm LexinFintech (LX), which lost 9.2% and 2.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which increased 2.5% and 0.7% respectively. They were followed by financial services company ICICI Bank (IBN) and IT firm Sify Technologies (SIFY), which were up 0.9% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and Tech conglomerate Sea (SE), which fell 3.8% and 2% respectively, followed by financial services company HDFC Bank (HDB) and IT firm Infosys (INFY), which was off 0.2% and 0.1% respectively.