Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading

MT Newswires Live
12/16

Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 1.15% to 2,648.44 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive marketplace Cango (CANG) and solar panel maker JinkoSolar (JKS), which climbed 8.3% and 2.8% respectively. They were followed by online game developer The9 (NCTY) and computer hardware maker Canaan (CAN), which increased 1.6% and 0.5% respectively.

The decliners from North Asia were led by fintech firms Maase (MAAS) and Pintec Technology (PT), which fell 10% and 7.3% respectively. They were followed by internet and data center services provider VNET Group (VNET) and lender Mitsubishi UFJ Financial Group (MUFG), which were down 4.3% and 2.6% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 1.7%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 1.1% and 0.4% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Wipro (WIT), which lost 1.1% and 0.9% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which both dropped 0.8%.

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