Asian Equities Traded in the US as American Depositary Receipts Climb Higher in Tuesday Trading

MT Newswires Live
07/15

Asian equities traded in the US as American depositary receipts were up sharply Tuesday morning, rising 1.09% to 2,343.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by tech company Baidu (BIDU) and internet and data center provider VNET Group (VNET), which advanced 8.5% and 7.5% respectively. They were followed by game live-streaming service HUYA (HUYA) and ecommerce company Alibaba Group (BABA), which increased 7.2% and 5.8% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and computer hardware maker Canaan (CAN), which shed 19% and 7.3% respectively. They were followed by used car platform Uxin (UXIN) and utilities provider Korea Electric Power (KEP), which fell 4.7% and 4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which rose 3.9% and 1.4% respectively. They were followed by IT firm Infosys (INFY) and telecommunications operator PLDT (PHI), which were up 1.3% and 0.6%.

The lone decliner from South Asia was telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 1.3%.

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