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

MT Newswires Live06-09 22:45

Asian equities traded in the US as American depositary receipts were pulling back from sharp gains earlier in trading Tuesday morning, rising 0.58% to 2,849.07 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET), which climbed 7.7%. It was followed by lender Shinhan Financial Group (SHG) and used car marketplace Uxin (UXIN), which advanced 4.3% and 3% respectively.

The decliners from North Asia were led by real estate management and digital security provider Eason Technology (DXF) and video display maker LG Display (LPL), which fell 11% and 4.6% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and polysilicon manufacturer Daqo New Energy (DQ), which were down 3.9% and 2.3% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which rose 4.1% and 3% respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 2.2% and 1.7% respectively.

The lone decliner from South Asia was fintech firm Trident Digital Tech (TDTH), which was off 0.8%.

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