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

MT Newswires Live04-07

Asian equities traded in the US as American depositary receipts opened the week sharply lower in Monday trading, falling 2% to 1,874.3 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by utilities company Korea Electric Power (KEP) and solar panel maker JinkoSolar (JKS), which rose 4.8% and 4.3% respectively. They were followed by technology company Xunlei (XNET) and online brokerage UP Fintech (TIGR), which were up 1.5% and 1.2% respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin (UXIN) and media company Phoenix New Media (FENG), which fell 8.5% and 8.2% respectively. They were followed by travel company Tuniu (TOUR) and online education platform 51Talk Online Education Group (COE), which dropped 5.8% and 4.8% respectively.

From South Asia, the gainers were led by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which advanced 1.8% and 1.5% respectively. They were followed by Infosys (INFY) and tech conglomerate Sea (SE), which increased 0.9% and 0.7%, respectively.

The decliners from South Asia were telecommunications operator PLDT (PHI) and financial services company HDFC Bank (HDB), which were down 2.3% and 2% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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