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

Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.69% to 1,883.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and travel company Tuniu (TOUR), which rose 8.5% and 4.8% respectively. They were followed by electric vehicle maker NIO (NIO) and media company Phoenix New Media (FENG), which increased 4.7% and 4.4% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and used car ecommerce platform Uxin (UXIN), which fell 6.1% and 2%, respectively. They were followed by video-sharing platform Bilibili (BILI), which declined 1.7%.

From South Asia, the gainers were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which were up 2.2% and 1.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 0.9% and 0.7% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which lost 6.3%, followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were off 0.6% and 0.4% respectively.