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

MT Newswires Live
01/27

Asian equities traded in the US as American depositary receipts were tracking higher Tuesday morning, rising 0.94% to 2,907.22 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by game live-streaming service HUYA (HUYA) and internet and data center services provider VNET Group (VNET), which climbed 21% and 5.6%, respectively. They were followed by lender Shinhan Financial Group (SHG) and online entertainment platform Bilibili (BILI), which advanced 4.4% and 3.7% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and mobile big data company Aurora Mobile (JG), which fell 4.1% and 3.9%. They were followed by fintech company AMTD Digital (HKD) and mobile app developer Cheetah Mobile (CMCM), which were down 3.2% and 1%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which rose 2.9% and 1.6% respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.4% and 0.9%, respectively.

The decliners from South Asia were led by IT company Sify Technologies (SIFY) and IT company Infosys (INFY), which dropped 1% and 0.6%, respectively. They were followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 0.5% and 0.3%, respectively.

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