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

MT Newswires Live
01/13

Asian equities traded in the US as American depositary receipts were trending slightly higher Tuesday morning, rising 0.1% to 2,869.35 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile healthcare platform 111 (YI) and utilities company Korea Electric Power (KEP), which climbed 9% and 8% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and biopharmaceutical company Zai Lab (ZLAB), which advanced 4.4% and 2% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and online brokerage UP Fintech (TIGR), which fell 6.4% and 5.4% respectively. They were followed by automotive marketplace Cango (CANG) and game live-streaming service HUYA (HUYA), which were both down 4.1%.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.4%, followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.5% and 0.4% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 3.2% and 1.8% respectively. They were followed by lender HDFC Bank (HDB) and IT company Infosys (INFY), which lost 1.5% and 0.8% respectively.

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