Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
Asian equities traded in the US as American depositary receipts were heading lower Tuesday morning, declining 0.69% to 1,879.57 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by solar project developer Emeren (SOL) and online education platform 51Talk Online Education Group (COE), which climbed 7.1% and 6.9% higher respectively. They were followed by solar panel maker JinkoSolar (JKS) and consumer lending firm Qudian (QD), which rose 3.5% and 2.8% respectively
The decliners from North Asia were led by online brokerage UP Fintech (TIGR) and thin-film liquid display maker LG Display (LPL), which dropped 4.2% and 3.1% respectively. They were followed by education company Four Seasons Education (FEDU) and automotive ecommerce platform Cango (CANG), which were down 1.5% and 0.6% respectively.
From South Asia, the only gainers were IT firms Wipro (WIT) and Infosys (INFY), which increased 1.4% and 1.3% respectively.
The decliners from South Asia were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which fell 1.3% and 1.1% respectively. They were followed by IT firm Sify Technologies (SIFY), which was off 0.8%.
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