Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.68% to 2,194.86 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and consumer lending firm Eason Technology (DXF), which rose 26% and 7.6%, respectively. They were followed by pet-focused platform Boqii (BQ) and casino and resort operator Melco Resorts & Entertainment (MLCO), which climbed 6.7% and 6%, respectively.
The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and biotech firm Zai Lab (ZLAB), which fell 21% and 6.5%, respectively. They were followed by electric vehicle maker NIO (NIO) and mobile app developer Cheetah Mobile (CMCM), which lost 4.6% and 4.5% respectively.
From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 2.7% and 1.5%, respectively. They were followed by IT firm Wipro (WIT) and financial services company ICICI Bank (IBN), which were up 0.9% and 0.5% respectively.
The only decliners from South Asia were IT firms Sify Technologies (SIFY) and Infosys (INFY), which were off 0.9% and 0.3%, respectively.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.