Asian equities traded in the US as American depositary receipts were dropping sharply Monday morning, tumbling 2.64% to 2,200.86 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by consumer lending firm Eason Technology (DXF) and ad agency iClick Interactive Asia Group (ICLK), which rose 5.6% and 5.1%, respectively. They were followed by social media platform JOYY (YY) and utilities company Korea Electric Power (KEP), which were up 2.5% and 1.5%, respectively.
The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and music streaming service Tencent Music Entertainment Group (TME), which fell 16% and 9%, respectively. They were followed by online brokerage UP Fintech (TIGR) and ecommerce company Alibaba Group (BABA), which lost 8.3% and 7.3%, respectively.
From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which advanced 2.8%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which increased 0.4% and 0.1%, respectively.
The decliners from South Asia were led by IT firms Infosys (INFY) and Wipro (WIT), which dropped 2.3% and 1.6%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 0.6% each.
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