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

MT Newswires Live
28 Jul

Asian equities traded in the US as American depositary receipts started the week lower Monday morning, falling 1.26% to 2,429.33 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and automotive marketplace Token Cat (TC), which rose 4.8% and 2.7% respectively. They were followed by education company 17 Education & Technology Group (YQ) and financial services company CNFinance (CNF), which were up 2.5% and 2.1% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and mobile healthcare platform 111 (YI), which fell 10% and 7.7% respectively. They were followed by consumer lending firm LexinFintech (LX) and financial services company Shinhan Financial Group (SHG), which dropped 6% and 5.9%.

From South Asia, the only gainers were tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.1% and 0.6% respectively.

The decliners from South Asia were led by IT firms Wipro (WIT) and Sify Technologies (SIFY), which lost 2.7% and 1.4% respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Infosys (INFY), which were down 1.3% and 1.1%.

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