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

MT Newswires Live
08/10

Asian equities traded in the US as American depositary receipts opened the week slightly lower Monday morning, declining 0.14% to 3,019.02 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and video display maker LG Display (LPL), which rose 3.8% and 3% respectively. They were followed by semiconductor company ASE Technology (ASX) and media company Phoenix New Media (FENG), which were up 2.9% each.

The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and used car marketplace Uxin (UXIN), which fell 7.1% and 6.3% respectively. They were followed by automotive marketplace Token Cat (TC) and online game developer The9 (NCTY), which were down 3.3% and 3.2% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which advanced 1.4% and 1.3% respectively. They were followed by IT firm Infosys (INFY), which increased 0.5%.

The decliners from South Asia were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which dropped 2.3% and 1.5% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which lost 1.1% and 0.9% respectively.

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