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

Asian equities traded in the US as American depositary receipts were moving lower Monday morning, declining 0.57% to 1,926.62 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services and online game developer The9 Limited , which rose 7.7% and 4.4% respectively. They were followed by media company Phoenix New Media and mobile app developer Cheetah Mobile , which were up 5% and 4% respectively.

The decliners from North Asia were led by financial services company Dunxin Financial and polysilicon manufacturer Daqo New Energy , which fell 34.3% and 5.3% respectively. They were followed by property technology company Fangdd Network Group , which dropped 8.7%.

From South Asia, the only gainers were financial services company ICICI Bank and telecommunications operator PLDT , which were up 1.4% and 0.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea and IT firm Sify Technologies , which dropped 2.1% and 1.7% respectively. They were followed by pharmaceutical Dr. Reddy's Laboratories , which was off 1%.

U.S. stocks traded mixed this morning, with the Dow Jones jumping over 200 points on Monday.

Following the market opening Monday, the Dow traded up 0.54% to 41,618.01 while the NASDAQ fell 0.69% to 17,562.23. The S&P 500 also fell, dropping, 0.06% to 5,622.81.

Check This Out: This Analyst With 86% Accuracy Rate Sees Around 9% Upside In RH – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts

Leading and Lagging Sectors

Energy shares jumped by 1.7% on Monday.

In trading on Monday, information technology shares fell by 1.4%.

Top Headline

The NY Empire State Manufacturing Index rose to 11.5 in September, recording the highest level since April 2022, versus -4.7 in August and market estimates of -3.9.

Equities Trading UP

• NuCana plc shares shot up 170% to $6.85 after the company announced final data from the Phase 2 NuTide:701 study at the ESMO Congress on NUC-7738 in combination with pembrolizumab for patients with metastatic melanoma who were refractory to or had relapsed on prior PD-1 inhibitor therapy.
• Shares of Bone Biologics Corporation got a boost, surging 47% to $1.18.
• Dermata Therapeutics, Inc. shares were also up, gaining 42% to $2.2500.

Equities Trading DOWN

• Dunxin Financial Holdings Limited shares dropped 21% to $0.1053.
• Shares of Immutep Limited were down 25% to $1.98. Immutep’s Efti in combination with MSD’s KEYTRUDA leads to efficacy with favourable safety in first line head and neck cancer.
• NWTN Inc. was down, falling 19% to $0.7098.

Commodities

In commodity news, oil traded up 1.4% to $69.59 while gold traded down 0.1% at $2,608.10.

Silver traded up 0.7% to $31.28 on Monday, while copper rose 0.6% to $4.2630.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX fell 0.3% and France's CAC 40 fell 0.2%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.02%.

The Eurozone recorded a trade surplus of EUR 21.2 billion in July, higher than market estimates of EUR 14.9 billion. Wages in the Eurozone increased 4.5% year-over-year in the second quarter, while hourly labor costs climbed by 4.7% year-over-year in the quarter. Italy reported a trade surplus of EUR 6.743 billion in July versus a year-ago surplus of EUR 6.108 billion.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Hong Kong's Hang Seng Index gaining 0.31% and India's BSE Sensex gaining 0.12%.

Total passenger vehicle sales in India declined 1.6% year-over-year to 308,779 in August versus a 1.9% decline in the prior month.

Economics

The NY Empire State Manufacturing Index rose to 11.5 in September, recording the highest level since April 2022, versus -4.7 in August and market estimates of -3.9.

Now Read This:

• How To Earn $500 A Month From Sunoco Stock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stock futures were mixed this morning, with the Dow futures gaining around 100 points on Monday.

Shares of iTeos Therapeutics, Inc. fell sharply in today's pre-market trading.

The company announced follow-up interim data from GALAXIES Lung-201.

iTeos Therapeutics shares dipped 13.7% to $14.40 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

• Vizsla Silver Corp. shares fell 11.4% to $1.94 in pre-market trading. Vizsla Silver announced a $65 million bought deal financing.
• Murano Global Investments Plc shares tumbled 11.1% to $8.89 in pre-market trading after jumping 36% on Friday.
• Upstart Holdings, Inc. shares fell 8.5% to $34.79 in pre-market trading. Upstart announced a proposed private offering of $300,000,000 of convertible senior notes due 2029.
• Guardant Health, Inc. shares dipped 8.2% to $24.60 in pre-market trading after gaining around 5% on Friday.
• Hyliion Holdings Corp. shares fell 6.7% to $1.96 in pre-market trading after gaining 8% on Friday. Hyliion Holdings, last week, announced it has been awarded a $15 million + contract by the Office of Naval Research to develop its KARNO generator for Navy ships and stationary power applications.
• Instil Bio, Inc. shares declined 6.1% to $79.40 in pre-market trading. Instil Bio and ImmuneOnco announced a global registrational strategy for PD-l1xvegf bispecific antibody, SYN-2510/IMM2510, in non-small cell lung cancer and triple-negative breast cancer.
• Canaan Inc. fell 5.6% to $1.01 in pre-market trading after jumping 15% on Friday.
• Solid Biosciences Inc. shares slipped 3% to $7.70 in pre-market trading after adding around 3% on Friday.
• Nova Ltd. shares fell 3% to $200.64 in pre-market trading.
• MicroStrategy Incorporated shares slipped 2.4% to $138.10 in pre-market trading amid a drop in the price of Bitcoin. MicroStrategy shares gained over 8% on Friday after the company announced the purchase of 18,300 bitcoin.

Now Read This:

• Jim Cramer: ‘Hold On’ To Builders FirstSource, ‘Here’s The Problem’ With Viking Therapeutics

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Asian equities traded in the US as American depositary receipts were treading water Friday morning, nudging 0.2% higher to 1,935.01 on the S&P Asia 50 ADR Index, which is set to close out the week around 2.7% higher.

From North Asia, the gainers were led by computer hardware maker Canaan and automotive ecommerce platform Cango , which climbed 6.4% and 5.8% respectively. They were followed by financial services companies Dunxin Financial and Shinhan Financial Group , which rose 5.2% and 4.4% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile and game-centric live streaming platform DouYu International , which fell 5.2% and 3.9% respectively. They were followed by video-sharing platform Bilibili and property technology company Fangdd Network Group , which dropped 4% and 3.4% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies and Wipro , which increased 5% and 3.5% respectively. They were followed by business process management company WNS and telecommunications operator Telekomunikasi Indonesia , which were up 1.6% and 1% respectively.

The only decliners from South Asia were telecommunications operator PLDT and financial services company ICICI Bank , which were off 0.3% and 0.1% respectively.

Asian equities traded in the US as American depositary receipts were moving higher Thursday morning, rising 0.41% to 1,930.84 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer The9 and travel company Tuniu , which rose 5.8% and 4.4% respectively. They were followed by social network JOYY and internet and data center operator VNET Group , which were up 1.6% and 1.4% respectively.

The decliners from North Asia were led by pet-focused platform Boqii and financial services company Dunxin Financial , which dropped 11% and 9.8% respectively. They were followed by electric vehicle maker NIO (NIO) and biotech firm BeiGene (BGNE), which lost 7.1% and 6.6% respectively.

From South Asia, the gainers were led by tech conglomerate Sea and IT firm Wipro , which increased 2.5% and 2.4% respectively. They were followed by financial services company ICICI Bank and IT firm Infosys , which were up 1.2% and 1.1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies , which lost 2.8%, followed by telecommunications operators PLDT and Telekomunikasi Indonesia , which were off 0.6% each.

Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.60% to 1,879.74 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii and advertising agency iClick Interactive Asia Group , which advanced 25% and 5.8% respectively. They were followed by biotech firm BeiGene and media company Phoenix New Media , which increased 5.9% and 5% respectively.

The decliners from North Asia were led by financial services company Shinhan Financial Group (SHG) and property technology company Fangdd Network Group , which dropped 5.8% and 2% respectively. They were followed by education companies 17 Education & Technology Group and solar project developer Emeren Group , which fell 4.8% and 3.5% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia and PLDT , which rose 0.1% each, while financial services company ICICI Bank also was up 0.1%.

The decliners from South Asia were led by IT firms Sify Technologies and Wipro , which lost 6.2% and 3.2% respectively. They were followed by IT firm Infosys and business process management company WNS , which were down 1.6% and 1.1%.