FINWIRES · TerminalLIVE
FINWIRES

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

By

Asian equities traded in the US as American depositary receipts were lower Monday morning, declining 0.48% to 2,833.93 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by streaming music service Tencent Music Entertainment Group (TME) and game live-streaming service DouYu International (DOYU), which rose 7.1% and 3.8% respectively. They were followed by healthcare platform 111 (YI) and lender Mitsubishi UFJ Financial Group (MUFG), which were up 1.9% and 1.8% respectively.

The decliners from North Asia were led by Eason Technology (DXF) and online game developer The9 (NCTY), which shed 17% and 6.9% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and semiconductor company ASE Technology (ASX), which lost 6.8% and 6.5% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 4% and 1.8% respectively. It was followed by HDFC Bank (HDB), which increased 1.5%.

The decliners from South Asia were computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 4.4% and 0.2% respectively.

Related Articles

Asia Markets

Tadawul Shares Extend Losing Streak on Middle Eastern Geopolitical Jitters

Saudi Exchange-traded shares closed Monday lower as the possible re-escalation of the Middle Eastern conflict pushed the Tadawul All Share Index 0.11% in the red.The continued geopolitical tensions in the Middle East dampened sentiment as both Saudi Arabia and the United Arab Emirates reported drone strikes on Sunday. Saudi Arabia intercepted three drones, while its neighbor suffered damage to a nuclear power plant.Investors are also raising their concerns about the agreement stalemate between the US and Iran. US President Donald Trump warned on his Truth Social account that Iran should "get moving, fast, or there won't be anything left of them.""The oil market continues to reprice ongoing supply disruptions, with last week's Trump-Xi talks yielding no tangible progress in the Middle East. There had been hope (possibly misplaced) that China could use its influence over Tehran to break the deadlock between the US and Iran," ING said in a note.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, shares closed flat as it launched the kingdom's first-ever quantum computer and quantum-computing-as-a-service platform. The development is part of the state-owned oil giant's partnership with neutral-atom quantum computing company Pasqal.Meanwhile, Ataa Educational (SASE:4292) logged a 35.767% year-over-year climb in attributable profit and a 2.317% annual decline in revenue for the fiscal third quarter. The net profit increase was attributed to the suspension of the operations of its training and recruitment sectors. Shares of the educational services company closed 0.57% lower.

$^TASI$SASE:2222$SASE:4292
Asia Markets

New Drone Incidents in Middle East Keep Tensions High, Nudge US Equity Futures Pre-Bell Lower

US equity futures were lower pre-bell Monday as tensions remain high in the Middle East after the UAE and Saudi Arabia reported fresh drone incidents on Sunday, raising traders' concerns around a return to hostilities in the region.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.The UAE defense ministry said that a drone attack from the "western border" had caused a fire at a nuclear plant, while Saudi Arabia reported intercepting three drones that entered from the airspace of Iraq.President Donald Trump in a post on Truth Social urged Iran to "get moving" with regard to ending the conflict. "For Iran, the Clock is Ticking, and they better get moving, FAST, or there won't be anything left of them," he said.Among the companies reporting financial results this week are Home Depot (HD), Nvidia (NVDA), Analog Devices (ADI), and Walmart (WMT).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $108.66 per barrel and US West Texas Intermediate crude 0.8% lower at $100.25 per barrel.The May US housing market index, slated for 10 am ET, is seen coming in at 34, unchanged from the prior month, according to estimates compiled by Bloomberg.Cheryl Venable, interim president of the Federal Reserve Bank of Atlanta, is slated to speak on Monday.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished 0.1% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Dominion Energy (D) shares jumped 15% after the company and NextEra Energy (NEE) said they agreed to combine in an all-stock deal. ServiceNow (NOW) stock was up 5.1% after the company and Experian said they launched a multiyear partnership on autonomous AI agents across various platforms. Baidu (BIDU) shares were up 4.2% after the company posted Q1 non-GAAP earnings and revenue that surpassed analysts' consensus.On the losing side, Tesla (TSLA) stock was down 0.9% after the company reportedly raised prices for several Tesla Model Y variants in the US, media outlets reported Saturday. Regeneron Pharmaceuticals (REGN) shares were 12% lower after the company said its phase 3 skin cancer trial evaluating two dose levels of fianlimab in combination with cemiplimab failed to meet a primary endpoint. NextEra Energy stock was down 1.3% after the merger with Dominion Energy was announced.

$^DJI$^IXIC$^SPX$ADI$BIDU$D$HD$NEE$NOW$NVDA$REGN$TSLA$WMT
Asia Markets

Geopolitical Uncertainties, Volatile Oil Prices Weigh on Emirati Stocks

Markets in the United Arab Emirates closed lower on Monday as the FTSE ADX General Index declined 1.202%, while the DFM General Index shed 1.738%.Oil prices climbed amid no hopes for an end to the Iran war. US President Donald Trump said in a social media post that the "clock is ticking" for Iran to make a deal, and "there won't be anything left of them," if an agreement is not reached."The oil market continues to reprice ongoing supply disruptions, with last week's Trump-Xi talks yielding no tangible progress in the Middle East. There had been hope (possibly misplaced) that China could use its influence over Tehran to break the deadlock between the US and Iran. If anything, re-escalation risks are increasing, with a drone strike on the UAE's only nuclear power plant over the weekend," ING said.As of 3:31 pm UAE time, the Brent crude oil futures stood at nearly $110.591 per barrel, up 1.22% from the previous day.Closer to home, the UAE's Ministry of Defence said Sunday that investigations are being carried out to confirm the source of the three drones, two of which were intercepted and one led to a fire at an electrical generator outside the inner perimeter of the Barakah nuclear power plant in Abu Dhabi. The ministry added that the drones entered the country from the western border.Over to corporates, Abu Dhabi National Energy Co. (ADX:TAQA), d/b/a Taqa, finalized the sale of a 49% stake in transportation and mobility services company Massar Solutions to BlueFive Capital. Shares of the energy company closed the session 3.91% in the red.Meanwhile, in Dubai, BHM Capital Financial Services (DFM:BHMCAPITAL) recorded a 22% and 38% year over year growth in its net profit and total revenue, respectively, for the three months ended March 31. The financial and investment company's stocks ended flat.

$^DFMGI$^FADGI$ADX:TAQA$DFM:BHMCAPITAL