Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher

MT Newswires Live03-17

Asian equities traded in the US as American depositary receipts started off the week sharply higher Monday morning, rising 1.3% to 2,246.1 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform Cango (CANG) and pet-focused retail company Boqii (BQ), which surged 18.4% and 12.7% respectively. They were followed by advertising agency iClick Interactive Asia Group (ICLK) and credit tech platform Qifu Technology (QFIN), which climbed 10% and 8.9% respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and computer hardware maker Canaan (CAN), which fell 6.6% and 5% respectively. They were followed by media companies Phoenix New Media (FENG) and 36Kr (KRKR), which were down 3.3% and 2.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which rose 4.1% and 2% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company ICICI Bank (IBN), which were down 1.5% each.

The lone decliner from South Asia was IT firm Wipro (WIT), which was off 0.2%.

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