Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Monday Trading

MT Newswires Live
14 Jul

Asian equities traded in the US as American depositary receipts opened the week marginally lower Monday, declining 0.03% to 2,316.86 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and electric vehicle maker NIO (NIO), which advanced 29% and 6.5% respectively. They were followed by video-sharing platform Bilibili (BILI) and automotive marketplace Cango (CANG), which were up 4.2% and 3.4% respectively.

The decliners from North Asia were led by used car marketplace Uxin (UXIN) and mobile app developer Cheetah Mobile (CMCM), which fell 8.9% and 4.2% respectively. They were followed by fintech firm LexinFintech (LX), and Silicon Motion Technology (SIMO), a provider of solid-state storage devices, which dropped 2.7% and 2.4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 1.3%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank (IBN), which increased 0.3% and 0.1% respectively.

The decliners from South Asia were led by IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 1.1% and 0.8% respectively. They were followed by financial services company HDFC Bank (HDB) and IT company Sify Technologies (SIFY), which were off 0.7% and 0.4% respectively.

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