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

Asian equities traded in the US as American depositary receipts opened the week tracking modestly lower Monday morning, declining 0.20% to 2,861.92 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and biopharmaceutical company Zai Lab (ZLAB), which surged 18.4% and 9.7% respectively. They were followed by education company 51Talk Online Education Group (COE) and education company 17 Education & Technology Group (YQ), which climbed 9.2% and 4% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and utilities company Korea Electric Power (KEP), which dropped 11.5% and 5.2% respectively. They were followed by used car marketplace Uxin (UXIN) and video streamlining service iQIYI (IQ), which lost 2.9% and 0.4% respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and fintech firm Trident Digital Tech (TDTH), which were up 0.7% and 0.5% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which fell 4.8% and 2.9% respectively. They were followed by IT firm Infosys (INFY) and lender HDFC Bank (HDB), which were down 2.3% and 1.9% respectively.