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

MT Newswires Live
02-03

Asian equities traded in the US as American depositary receipts fell sharply Monday morning, tumbling 2.18% to 2,115.28 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and consumer lending firm Eason Technology (DXF), which surged 24% and 17%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and fintech firm Pintec Technology (PT), which rose 5.4% and 4.6%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and computer hardware maker Canaan (CAN), which fell 13% and 7.4%, respectively. They were followed by automotive company Honda Motor (HMC) and financial services company CNFinance (CNF), which dropped 6.1% and 4.9%, respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 3.8% and 2.4%, respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Infosys (INFY), which were down 1.5% and 1.1%, respectively.

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