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

MT Newswires Live
Jan 13

Asian equities traded in the US as American depositary receipts were trending slightly higher Tuesday morning, rising 0.1% to 2,869.35 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile healthcare platform 111 (YI) and utilities company Korea Electric Power (KEP), which climbed 9% and 8% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and biopharmaceutical company Zai Lab (ZLAB), which advanced 4.4% and 2% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and online brokerage UP Fintech (TIGR), which fell 6.4% and 5.4% respectively. They were followed by automotive marketplace Cango (CANG) and game live-streaming service HUYA (HUYA), which were both down 4.1%.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.4%, followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.5% and 0.4% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 3.2% and 1.8% respectively. They were followed by lender HDFC Bank (HDB) and IT company Infosys (INFY), which lost 1.5% and 0.8% respectively.

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