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

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Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.77% to 2,840.18 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu (TOUR) and fintech firm J and Friends (JF), which climbed 7% and 6.5% respectively. They were followed by brand platform Baozun (BZUN) and video-sharing platform Bilibili (BILI), which advanced 4.1% and 3.8% respectively.

The decliners from North Asia were led by lender Shinhan Financial Group (SHG) and utilities company Korea Electric Power (KEP), which dropped 4.5% and 3.5% respectively. They were followed by online game developer The9 (NCTY) and diagnostic imaging centers company Concord Medical Services (CCM), which lost 2.5% and 2.1% respectively.

From South Asia, the gainers were led by IT firm Wipro (WIT) and computer hardware maker Canaan (CAN), which rose 5% and 2.9% respectively. They were followed by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 2.8% and 0.7% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which fell 7% and 1.9% respectively. They were followed by fintech firm Trident Digital Tech (TDTH) and telecommunications operator PLDT (PHI), which were off 0.9% and 0.3% respectively.

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