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

MT Newswires Live
Jul 15

Asian equities traded in the US as American depositary receipts were up sharply Tuesday morning, rising 1.09% to 2,343.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by tech company Baidu (BIDU) and internet and data center provider VNET Group (VNET), which advanced 8.5% and 7.5% respectively. They were followed by game live-streaming service HUYA (HUYA) and ecommerce company Alibaba Group (BABA), which increased 7.2% and 5.8% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and computer hardware maker Canaan (CAN), which shed 19% and 7.3% respectively. They were followed by used car platform Uxin (UXIN) and utilities provider Korea Electric Power (KEP), which fell 4.7% and 4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which rose 3.9% and 1.4% respectively. They were followed by IT firm Infosys (INFY) and telecommunications operator PLDT (PHI), which were up 1.3% and 0.6%.

The lone decliner from South Asia was telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 1.3%.

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