Asian equities traded in the US as American depositary receipts were increasing Tuesday morning, up 1.7% to 2,458.5 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by music streaming service Tencent Music Entertainment Group (TME) and fintech firm Qfin (QFIN), which climbed 11.7% and 6.4% respectively. They were followed by financial services company Mitsubishi UFJ Financial Group (MUFG) and game live-streaming service HUYA (HUYA), which rose 3.8% and 3.3% respectively.
The decliners from North Asia were led by automotive marketplace Token Cat (TC) and electric vehicle maker NIO (NIO), which dropped 9.2% and 8% respectively. They were followed by internet and data center services provider VNET Group (VNET) and polysilicon manufacturer Daqo New Energy (DQ), which lost 7% and 3.3% respectively.
From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which advanced 19.5% and 6.2% respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were up 0.9% and 0.2% respectively.
The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which was down 1.5%, followed by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which were off 0.1% each.
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