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

MT Newswires Live
Jun 15

Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.60% to 2,893.65 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by Korea Electric Power (KEP) and travel company Tuniu (TOUR), which rose 7.8% and 6.8% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and internet and data center services provider VNET Group (VNET), which were up 5.5% and 5.4% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and diagnostic imaging centers firm Concord Medical Services (CCM), which fell 2.8% and 2.0% respectively.

From South Asia, the gainers were led by Canaan (CAN) and tech conglomerate Sea (SE), which rose 11% and 5.4% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which advanced 4.4% and 4.2% respectively.

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