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

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Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.60% to 2,893.65 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by Korea Electric Power (KEP) and travel company Tuniu (TOUR), which rose 7.8% and 6.8% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and internet and data center services provider VNET Group (VNET), which were up 5.5% and 5.4% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and diagnostic imaging centers firm Concord Medical Services (CCM), which fell 2.8% and 2.0% respectively.

From South Asia, the gainers were led by Canaan (CAN) and tech conglomerate Sea (SE), which rose 11% and 5.4% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which advanced 4.4% and 4.2% respectively.

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Tadawul Shares Start Week Higher on US-Iran Peace Deal Hopes

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US Stocks Gain This Week on Iran Deal Progress, Softer Rate Expectations

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Exchange-Traded Funds Rise, US Equities Mixed After Midday

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