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

MT Newswires Live03-24

Asian equities traded in the US as American depositary receipts kicked off the week higher Monday morning, rising 0.48% to 2,257.96 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by financial services company CNFinance (CNF) and advertising company 36Kr (KRKR), which climbed 9.4% and 7% respectively. They were followed by computer hardware maker Canaan (CAN) and online education company 17 Education & Technology Group (YQ), which advanced 6.9% and 6.5% respectively.

The decliners from North Asia were led by financial services company Mitsubishi UFJ Financial Group (MUFG) and polysilicon manufacturer Daqo New Energy (DQ), which fell 2.3% each. They were followed by electric vehicle maker NIO (NIO) and solar panel maker JinkoSolar JKS), which lost 2% and 1.6% respectively.

From South Asia, the gainers were led by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which rose 2.8% and 2.5% respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Sify Technologies (SIFY), which were up 2% each.

The lone decliner from South Asia was telecommunications operator (TLK), which was down 1.6%.

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