Asian Equities Traded in the US as American Depositary Receipts Rise Slightly in Tuesday Trading

MT Newswires Live
02-18

Asian equities traded in the US as American depositary receipts were up slightly Tuesday morning, edging 0.12% higher to 2,246.71 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biotech firm Zai Lab (ZLAB) and internet and data center services provider VNET Group (VNET), which climbed 13% and 6.2%, respectively. They were followed by semiconductor company Himax Technologies (HIMX) and mobile app developer Cheetah Mobile (CMCM), which were up 4.2% each.

The decliners from North Asia were led by media company 36Kr (KRKR) and mobile big data platform Aurora Mobile (JG), which shed 19% and 8.7%, respectively. They were followed by video-sharing site Bilibili (BILI) and tech company Baidu (BIDU), which fell 8.6% and 7.3%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 6% and 5.4%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which increased 2.8% and 0.9%, respectively.

The only decliners from South Asia were financial services company ICICI Bank (IBN) and IT firm Infosys (INFY), which were down 2.5% and 1.5%, respectively.

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