FINWIRES · TerminalLIVE
FINWIRES

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

By

Asian equities traded in the US as American depositary receipts opened the week slightly lower Monday morning, declining 0.14% to 3,019.02 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and video display maker LG Display (LPL), which rose 3.8% and 3% respectively. They were followed by semiconductor company ASE Technology (ASX) and media company Phoenix New Media (FENG), which were up 2.9% each.

The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and used car marketplace Uxin (UXIN), which fell 7.1% and 6.3% respectively. They were followed by automotive marketplace Token Cat (TC) and online game developer The9 (NCTY), which were down 3.3% and 3.2% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which advanced 1.4% and 1.3% respectively. They were followed by IT firm Infosys (INFY), which increased 0.5%.

The decliners from South Asia were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which dropped 2.3% and 1.5% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which lost 1.1% and 0.9% respectively.

Related Articles

Asia Markets

Correction: Singapore Shares Close Higher Friday

(Corrects to note that the figures are from Friday, as the markets are closed for the National Day holiday)Singapore shares closed higher on Friday, with the Straits Times Index up 1.05%, or 59.44 points, at 5,698.43.Markets are closed on Monday for the National Day holiday.

^STI
Asia Markets

Tadawul Shares Start Week Subdued; Saudi's Business Sentiment Remains Optimistic in July

The Tadawul All Share Index started the week muted at 0.05% in the green on Sunday as investors assessed Saudi Arabia's latest economic data and earnings updates.According to a report by the kingdom's General Authority for Statistics, the business confidence index in July came in at 56.5 points, slightly easing from 56.6 in the prior month. Data showed that the separate industry, construction, and services confidence indices all decreased during the period."The index reflects prevailing optimism in the business sector, supported by establishments' confidence in the stability of economic activity and continued growth across various sectors," the report said. "During July 2026, the BCI for the industry sector recorded an optimistic level of 54.7 points, despite a decline of 0.2 points compared to June 2026, when it reached 55.0 points. This decrease is attributed to a decline in confidence levels among industrial establishments, particularly in current input costs and their expectations regarding them for the coming month."Speaking of economic releases, the week will also see the release of Saudi Arabia's June industrial production data on Monday and its July inflation print on Thursday.Back at home, Obeikan Glass (SASE:4145), Shalfa Facilities Management (SASE:9613), and Saudi Manpower Solutions (SASE:1834), d/b/a Smasco, reported higher net profit and revenue for the first half of 2026. Miahona Co. (SASE:2084), on the other hand, logged a 90.74% decline in attributable net profit and a 35.36% decrease in revenue for the six months ended June 30.Obeikan and Shalfa closed 0.29% and 3.39% in the green, while Smasco and Miahona were 0.78% and 2.62% in the red.Meanwhile, Scientific and Medical Equipment House (SASE:4014) shares ticked up 0.29% as it secured a contract to provide medical operations and medical equipment maintenance services for the Security Aviation Leadership.

^TASISASE:1834SASE:2084SASE:4014SASE:4145SASE:9613
Asia Markets

US Equity Indexes Rise This Week as Technology Mega-Caps Advance, Hormuz Reopening Deal in Works

US equity indexes jumped this week amid gains in technology heavyweights and growing expectations of a deal between Iran and Oman that will pave the way for a reopening of the Strait of Hormuz, the chokepoint for about a fifth of global crude oil and natural gas flows.* The S&P 500 closed at 7,757.64 on Friday versus 7,494.08 a week ago. The Nasdaq Composite stood at 26,690.62, compared with 25,367.02 a week earlier. The Dow Jones Industrial Average ended at 54,036.93, versus 52,535.02 at the end of last week.* Basic materials, technology, and industrials led gainers this week, while energy was the steepest decliner.* Among companies with a market capitalization of more than $200 billion, nine of the top 10 outperformers this week were from the technology sector, according to data compiled by Finviz. The top gainer in this category was Palantir (PLTR) after Q2 sales and adjusted earnings surpassed analysts' estimates and the company boosted its full-year 2026 revenue outlook.* Nonfarm payrolls fell by 23,000 in July, marking the first decline since February, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.* The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.* Iranian lawmakers debated the wording of a proposed deal with Oman on the Strait of Hormuz, Bloomberg reported. Iran's Deputy Foreign Minister Kazem Gharibabadi said earlier this week that an understanding with Oman had been reached "in principle," and state TV cited one lawmaker on Friday as saying the final text and details of an agreement with Muscat will be announced "soon."* The front-month West Texas Intermediate crude oil traded at $76.85 late Friday, down from roughly $84.67 a week ago.

Dow JonesNasdaq CompositeS&P 500