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

MT Newswires Live
27 Jan

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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