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

Asian equities traded in the US as American depositary receipts were trending lower Tuesday morning, declining 0.40% to 1,926.82 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by ad agency iClick Interactive Asia Group (ICLK) and online education platform 51Talk Online Education Group (COE), which climbed 17% and 5%, respectively. They were followed by used car ecommerce platform Uxin (UXIN) and mobile app developer Cheetah Mobile (CMCM), which rose 4% each.

The decliners from North Asia were led by internet and data center service provider VNET Group (VNET) and media company Phoenix New Media (FENG), which fell 4.8% and 4.2% respectively. They were followed by automotive ecommerce platform Cango (CANG) and game live-streaming platform DouYu International (DOYU), which were down 3.6% and 2.6%, respectively.

From South Asia, the gainers were led by business process management company WNS (WNS) and financial services company ICICI Bank (IBN), which were up 0.6% and 0.4%, respectively. They were followed by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which increased 0.3% and 0.2%, respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which dropped 6.5% and 1.5%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which were off 0.8% and 0.1%, respectively.