Asian equities traded in the US as American depositary receipts were trending higher Tuesday morning, rising 0.52% to 2,081.24 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by fintech firm AMTD Digital (HKD) and ecommerce fashion platform MOGU (MOGU), which climbed 12% and 6.6% respectively. They were followed by automotive ecommerce platforms TuanChe (TC) and Autohome (ATHM), which rose 4.5% and 4% respectively.
The decliners from North Asia were led by healthcare platform 111 (YI) and ad agency iClick Interactive Asia Group (ICLK), which fell 6.3% and 6% respectively. They were followed by media company Phoenix New Media (FENG) and internet and data center services provider VNET Group (VNET), which dropped 4.6% and 3.9% respectively.
From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which increased 1.2% and 0.2% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Wipro (WIT), which were up 0.1% each.
The decliners from South Asia were led by tech conglomerate Sea (SE) and financial services company ICICI Bank (IBN), which lost 1.3% and 0.7% respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.6% and 0.2% respectively.
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