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

MT Newswires Live12-09

Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 0.3% to 2,694.79 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and fintech firm Pintec Technology (PT), which rose 4.1% and 0.3% respectively. They were followed by online education company 51Talk Online Education Group (COE) and automotive company Honda Motor (HMC), which were up 6.6% and 2% respectively.

The decliners from North Asia were led by fintech company Qudian (QD) and video-sharing platform Bilibili (BILI), which fell 6% and 3.8% respectively. They were followed by automotive marketplace Token Cat (TC) and technology company Baidu (BIDU), which were down 9.6% and 4.6% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which advanced 2.2%, followed by IT company Infosys (INFY) and lender ICICI Bank (IBN), which increased 0.7% and 0.5% respectively.

The only decliners from South Asia were telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were off 0.9% and 0.7% respectively.

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