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

MT Newswires Live
01-27

Asian equities traded in the US as American depositary receipts kicked off the week sharply lower Monday morning, tumbling 2.45% to 2,095.03 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG), which was soaring 200%, followed by pet-focused platform Boqii (BQ), which rose 6.6%. They were followed by fintech firm AMTD Digital (HKD) and healthcare platform 111 (YI), which increased 6.2% and 4.2% respectively.

The decliners from North Asia were led by investment holding company Dunxin Financial (DXF) and semiconductor company Himax Technologies (HIMX), which shed 30% and 24% respectively. They were followed by computer hardware maker Canaan (CAN) and online game developer The9 (NCTY), which fell 9.3% and 7.6% respectively.

From South Asia, the gainers were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which rose 1.3% and 0.5% respectively. They were followed by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which were up 0.4% and 0.2% respectively.

The decliners from South Asia were led by IT companies Sify Technologies (SIFY) and Wipro (WIT), which were down 3.5% and 3.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which lost 1.6% and 0.6% respectively.

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