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

MT Newswires Live
03-31

Asian equities traded in the US as American depositary receipts opened the week on a down note Monday, falling 1.3% to 2,139.18 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and technology company Xunlei (XNET), which rose 3.1% and 1.7%, respectively. They were followed by online education platform 51Talk Online Education Group (COE) and ecommerce fashion platform MOGU (MOGU), which were up 1.5% and 1.1%, respectively.

The decliners from North Asia were led by advertising agency 36Kr (KRKR) and wealth management firm Noah (NOAH), which fell 6.8% and 6.3%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and solar panel maker JinkoSolar (JKS), which increased 6.2% and 6.1%, respectively.

From South Asia, the lone gainer was financial services company HDFC Bank (HDB), which nudged 0.1% higher.

The decliners from South Asia were led by IT company Sify Technologies (SIFY) and tech conglomerate Sea (SE), which lost 4.3% and 3.1%, respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Infosys (INFY), which were down 1% and 0.5%, respectively.

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