Asian Equities Traded in the US as American Depositary Receipts Start Week Down Slightly in Monday Trading
Asian equities traded in the US as American depositary receipts opened the week slightly lower, declining 0.22% Monday morning to 1,938.26 on the S&P Asia 50 ADR Index.
From NorthAsia, the gainers were led by advertising agency iClick Interactive Asia Group (ICLK) and e-commerce fashion platform MOGU (MOGU), which rose 4.3% and 4.1%, respectively. They were followed by fintech platform Jiayin Group (JFIN) and e-commerce company Alibaba Group (BABA), which increased 3.7% and 3.4%, respectively.
The decliners from North Asia were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which fell 4.7% and 3.9%, respectively. They were followed by mobile health care platform 111 (YI) and online education platform 51Talk Online Education Group (COE), which retreated 2.9% and 2.8%, respectively.
From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which were up 5.3% and 2.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank (IBN), which rose 1.4% and 0.6% respectively.
The decliners from South Asia were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which lost 2% and 1% respectively. They were followed by IT firm Infosys (INFY) and financial services company HDFC Bank (HDB), which were off 0.8% each.
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