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Asian Equities Traded in the US as American Depositary Receipts Start Week Lower in Monday Trading
MT Newswires
Asian equities traded in the US as American depositary receipts opened the week tracking lower Monday morning, with the S&P Asia 50 ADR Index declining 0.62% to 2,078.12.
From North Asia, the gainers were led by tech company Canaan and automotive ecommerce platform Cango , which surged 36% and 12%, respectively. They were followed by online game developer The9 and ad agency iClick Interactive Asia Group , which climbed 8.8% and 7.8%, respectively.
The decliners from North Asia were led by media company Phoenix New Media and mobile big data platform Aurora Mobile , which fell 8.7% and 7.6%, respectively. They were followed by ecommerce fashion platform MOGU and semiconductor company Himax Technologies , which dropped 4.4% and 3%, respectively.
From South Asia, the only gainers were tech conglomerate Sea and IT firm Infosys , which were up 3% and 1%, respectively.
The decliners from South Asia were led by IT firm Sify Technologies and telecommunications operator Telekomunikasi Indonesia , which lost 2.2% and 1.4%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories and telecommunications operator PLDT , which were off 0.3% and 0.04%, respectively.
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