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

Asian equities traded in the US as American depositary receipts kicked off the week higher Monday morning, rising 0.70% to 2,874.55 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by healthcare platform 111 (YI) and internet and data center services provider VNET Group (VNET), which rose 5.5% and 3%, respectively. They were followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and semiconductor company Silicon Motion Technology (SIMO), which were up 2.8% and 1.3%, respectively.

The decliners from North Asia were led by consumer lender Eason Technology (DXF) and brand platform 36Kr (KRKR), which dropped 8.7% and 8%, respectively. They were followed by fashion platform MOGU (MOGU) and computer hardware maker Canaan (CAN), which lost 7.9% and 6.4%, respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which advanced 4.7% and 3.7%, respectively. They were followed by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which increased 1.5% and 0.8%, respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 2.1%, followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 0.9% and 0.8%, respectively.