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

Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.38% to 2,687.28 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car platform Uxin (UXIN) and education company 17 Education & Technology Group (YQ), which climbed 13% and 12%, respectively. They were followed by computer hardware maker Canaan (CAN) and fintech firm Qfin (QFIN), which advanced 4.9% and 4.1%, respectively.

The decliners from North Asia were led by automotive marketplace Token Cat (TC) and lender CNFinance (CNF), which fell 5.3% and 4.8%, respectively. They were followed by game live-streaming service HUYA (HUYA) and online game developer The9 (NCTY), which were down 3% and 2.8%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which rose 5.1% and 1.2%, respectively. They were followed by lender HDFC Bank (HDB) and tech conglomerate Sea (SE), which were up 0.6% and 0.5%, respectively.

The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which dropped 6.2% and 1.5%m respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.3% and 0.1%, respectively.