Asian Equities Traded in the US as ADRs Rise in Tuesday Trading

MT Newswires Live
28 Jan

Asian equities traded in the US as American depositary receipts rose Tuesday morning with the S&P Asia 50 ADR Index gaining 1% to 2,110.05.

From North Asia, the gainers were led by consumer lending firm Dunxin Financial (DXF), which more than tripled, followed by automotive ecommerce platform TuanChe (TC), which climbed 9%. Education company Four Seasons Education (FEDU) rose 5.9%.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG), down 27%, and computer hardware maker Canaan (CAN), which fell 5.9%. They were followed by fintech firm Pintec Technology (PT), down 5%, and media company Phoenix New Media (FENG), which dropped 3.8%.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), up 2.7%, and tech conglomerate Sea (SE), up 2.6%. They were followed by financial services companies HDFC Bank (HDB), up 1.8%, and ICICI Bank (IBN), which increased 1.1%.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.6%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), down 0.9%, and IF firm Infosys (INFY), down 0.4%.

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