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Asian Equities Traded in the US as American Depositary Receipts Tumble in Monday Trading
MT Newswires
Asian equities traded in the US as American depositary receipts were dropping sharply Monday morning, tumbling 2.64% to 2,200.86 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by consumer lending firm Eason Technology D and ad agency iClick Interactive Asia Group , which rose 5.6% and 5.1%, respectively. They were followed by social media platform JOYY and utilities company Korea Electric Power , which were up 2.5% and 1.5%, respectively.
The decliners from North Asia were led by internet and data center services provider VNET Group and music streaming service Tencent Music Entertainment Group , which fell 16% and 9%, respectively. They were followed by online brokerage UP Fintech and ecommerce company Alibaba Group , which lost 8.3% and 7.3%, respectively.
From South Asia, the gainers were led by IT firm Sify Technologies , which advanced 2.8%, followed by pharmaceutical company Dr. Reddy's Laboratories and financial services company HDFC Bank , which increased 0.4% and 0.1%, respectively.
The decliners from South Asia were led by IT firms Infosys and Wipro , which dropped 2.3% and 1.6%, respectively. They were followed by tech conglomerate Sea and telecommunications operator Telekomunikasi Indonesia , which were down 0.6% each.
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