Asian Equities Traded in the US as ADRs Rise in Tuesday Trading

MT Newswires Live2025-01-28

Asian equities traded in the US as American depositary receipts rose Tuesday morning with the S&P Asia 50 ADR Index gaining 1% to 2,110.05.

From North Asia, the gainers were led by consumer lending firm Dunxin Financial (DXF), which more than tripled, followed by automotive ecommerce platform TuanChe (TC), which climbed 9%. Education company Four Seasons Education (FEDU) rose 5.9%.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG), down 27%, and computer hardware maker Canaan (CAN), which fell 5.9%. They were followed by fintech firm Pintec Technology (PT), down 5%, and media company Phoenix New Media (FENG), which dropped 3.8%.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), up 2.7%, and tech conglomerate Sea (SE), up 2.6%. They were followed by financial services companies HDFC Bank (HDB), up 1.8%, and ICICI Bank (IBN), which increased 1.1%.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.6%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), down 0.9%, and IF firm Infosys (INFY), down 0.4%.

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