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

MT Newswires Live
12/01

Asian equities traded in the US as American depositary receipts opened the week modestly higher Monday morning, rising 0.24% to 2,691.77 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile healthcare platform 111 (YI) and casino and resort operator Melco Resorts & Entertainment (MLCO), which rose 3.8% and 3.6%, respectively. They were followed by fintech firm Pintec Technology (PT) and wealth management firm Noah (NOAH), which were up 3.5% and 3.4%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and computer hardware maker Canaan (CAN), which fell 8.7% and 8.3%, respectively. They were followed by automotive marketplace Cango (CANG) and fintech company Jiayin Group (JFIN), which dropped 7.9% and 6.2%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which advanced 1.9% and 1.8%, respectively. They were followed by IT companies Wipro (WIT) and Infosys (INFY), which were increased 0.6% and 0.3%, respectively.

The decliners from South Asia were led by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which lost 1.5% and 1.3%, respectively. They were followed by tech conglomerate Sea (SE) and lender ICICI Bank (IBN), which were off 1.2% and 0.5%, respectively.

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