Asian Equities Traded in the US as American Depositary Receipts Sharply Lower in Tuesday Trading

MT Newswires Live
2024-12-10

Asian equities traded in the US as American depositary receipts were sharply lower Tuesday morning, falling 1.4% to 2,107.41 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by utilities company Korea Electric Power (KEP) and semiconductor company Himax Technologies (HIMX), which rose 1.6% and 0.9% respectively. They were followed by thin-film liquid display maker LG Display (LPL) and pet-focused platform Boqii (BQ), which were up 0.5% and 0.2% respectively.

The decliners from North Asia were led by online brokerage UP Fintech (TIGR) and video-sharing platform Bilibili (BILI), which fell 11% and 9.8% respectively. They were followed by brand platform 36Kr (KRKR) and oncology company BeiGene (BGNE), which dropped 9% and 8.9% respectively.

From South Asia, the gainers were led by IT firm Wipro (WIT), which rose 1%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company ICICI Bank (IBN), which increased 0.5% and 0.2% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1%, followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were down 0.9% and 0.4% respectively.

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