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

MT Newswires Live10-19 22:52

Asian equities traded in the US as American depositary receipts started the week slightly higher Monday morning, edging 0.13% higher to 2,908.36 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and semiconductor company ASE Technology (ASX), which rose 3.7% each respectively. They were followed by semiconductor company Himax Technologies (HIMX) and fintech firm Jiayin Group (JFIN), which were up 3.4% and 3.1%, respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and education company 51Talk Online Education Group (COE), which fell 4.6% and 2.7%, respectively. They were followed by automotive marketplace Token Cat (TC) and game live-streaming service DouYu International (DOYU), which were down 2.5% and 2.4%, respectively.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which advanced 4.8% and 1.4%, respectively. They were followed by telecommunications operator PLDT (PHI), which were up 0.8%.

The decliners from South Asia were led by telecommunications operators Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which lost 6.1% and 5.1%, respectively. They were followed by lender HDFC Bank (HDB) and IT firm Wipro (WIT), which dropped 3% and 1.8%, respectively.

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