Asian Equities Traded in the US as American Depositary Receipts Start Week Higher in Monday Trading

Asian equities traded in the US as American depositary receipts started the week higher Monday morning, rising 0.67% to 3,009.64 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) and fintech firm Qfin (QFIN), which rose 5.8% and 5.5% respectively. They were followed by education companies 51Talk Online Education Group (COE) and Four Seasons Education (FEDU), which were up 3.4% and 3.3% respectively.

The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and semiconductor company Himax Technologies (HIMX), which fell 4.3% and 2.7% respectively. They were followed by game live-streaming service HUYA (HUYA) and solar panel maker JinkoSolar (JKS), which were down 1.3% and 1.2% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which advanced 2.4% and 2.2% respectively. They were followed by lender ICICI Bank (IBN) and telecommunications operator PLDT (PHI), which increased 1% and 0.3% respectively.

The decliners from South Asia were led by IT firm Infosys (INFY) and computer hardware maker Canaan (CAN), which dropped 2.9% and 1.4% respectively. They were followed by lender HDFC Bank (HDB) and It firm Wipro (WIT), which lost 1.1% and 0.6% respectively.