Asian Equities Traded in the US as American Depositary Receipts Drop Sharply in Monday Trading

MT Newswires Live
03/02

Asian equities traded in the US as American depositary receipts started the week sharply lower Monday morning, falling 1.74% to 2,886.53 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm AMTD Digital (HKD) and brand platform 36Kr (KRKR), which climbed 17% and 5.3%, respectively. They were followed by game live-streaming service DouYu International (DOYU) and online game developer The9 (NCTY), which rose 3% and 2.1%, respectively.

The decliners from North Asia were led by biopharmaceutical company Zai Lab (ZLAB) and video-streaming platform iQIYI (IQ), which fell 6.4% and 5%, respectively. They were followed by lender Nomura (NMR) and used car marketplace Uxin (UXIN), which lost 4.9% and 4.3%, respectively.

There were no gainers in South Asia.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which dropped 6.7% and 3.8%, respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 2.3% and 2.2%, respectively.

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