Asian equities traded in the US as American depositary receipts were sharply higher Monday morning, rising 1.43% to 2,074.10 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and solar project developer Emeren Group (SOL), which rose 11.7% and 2.4% respectively. They were followed by online game developer The9 (NCTY) and used car ecommerce platform Uxin (UXIN), up 5.8% and 2.5% respectively.
The decliners from North Asia were led by credit-tech platform Qifu Technology (QFIN) and healthcare platform 111 (YI), which dropped 5.1% and 2.6% respectively. They were followed by utilities company Korea Electric Power (KEP) and consumer lending firm Qudian (QD), which fell 4.6% and 4.3% respectively.
From South Asia, the gainers were led by telecommunications operator PLDT (PHI), which rose 1.2%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which increased 1.3% and 0.2% respectively.
The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which lost 2.2%, followed by IT firm Sify Technologies (SIFY), which was off 0.6% respectively.
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