Asian equities traded in the US as American depositary receipts surged Monday morning, climbing 3.4% to 2,226.7 on the S&P Asia 50 ADR Index, as investors welcomed US and China trade talks.
From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and computer hardware maker Canaan (CAN), which jumped past 20% and 14% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and fintech firm LexinFintech (LX), which rose over 12% and 11% respectively.
The decliners from North Asia were led by Highest Performances (MAAS), which fell 8.8%, followed by pharmaceutical company Takeda Pharmaceutical (TAK) and utilities provider Korea Electric Power (KEP), which dropped 2.3% and 1.1% respectively.
From South Asia, the gainers were led by IT firms Infosys (INFY) and Sify Technologies (SIFY), which climbed 5.8% and 5% respectively. They were followed by IT company Wipro (WIT) and financial services company ICICI Bank (IBN), which were up 4.8% and 3.6% respectively.
There were no decliners from South Asia.
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