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

Asian equities traded in the US as American depositary receipts were tracking sharply lower Tuesday, falling 1.55% to 2,883.19 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company 51Talk Online Education Group (COE) and lender CNFinance (CNF), which rose 6.3% and 2.5% respectively. They were followed by lender Nomura (NMR) and online discount retailer Vipshop (VIPS), which were up 1.7% and 1.5% respectively.

The decliners from North Asia were led by healthcare platform 111 (YI) and semiconductor company ASE Technology (ASX), which shed 11% and 9.6% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and automotive marketplace Token Cat (TC), which dropped 8.2% and 4.1% respectively.

From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which advanced 50% and 4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which increased 1.3% and 0.8% respectively.

The decliners from South Asia were led by computer hardware maker Canaan (CAN) and lender ICICI Bank (IBN), which fell 4.7% and 0.8% respectively. They were followed by lender HDFC Bank (HDB) and tech conglomerate Sea (SE), which were off 0.7% and 0.2% respectively.