Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher in Monday Trading

MT Newswires Live
10 Feb

Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.11% to 2,190.94 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and tech company Xunlei (XNET), which climbed 21% and 9.8% respectively. They were followed by fintech firm Jiayin Group (JFIN) and internet and data center provider VNET Group (VNET), which advanced 8 .1% and 6.5% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and brand management company 36Kr (KRKR), which fell 12% and 7.2% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and consumer lending firm LexinFintech (LX), which dropped 6% and 3.6% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and financial services company ICICI Bank (IBN), which rose 1% and 0.7% respectively. They were followed by It firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were up 0.3% and 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which lost 7% followed by IT firm Infosys (INFY) and financial services company HDFC Bank (HDB), which were off 0.3% and 0.1% respectively.

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