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

MT Newswires Live
03/03

Asian equities traded in the US as American depositary receipts were tanking Tuesday morning, plunging 6.09% to 2,727.78 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by lender CNFinance (CNF), which rose 6.6%, followed by travel company Tuniu (TOUR) and fintech firm AMTD Digital (HKD), which were up 4.8% and 4.2%.

The decliners from North Asia were led by utilities company Korea Electric Power (KEP) and thin-film liquid display maker LG Display (LPL), which shed 12% and 9.1%, respectively. They were followed by securities firm Nomura (NMR) and automotive marketplace Cango (CANG), which fell 9% and 7.6%, respectively.

From South Asia, there were no gainers.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which dropped 24% and 3.7%, respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which lost 3.2% each.

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