Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
Asian equities traded in the US as American depositary receipts were trending higher Tuesday morning, rising 0.76% to 2,855.11 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company 51Talk Online Education Group (COE) and semiconductor company ASE Technology (ASX), which climbed 15% and 4.2% respectively. They were followed by fintech firm High Templar Tech (HTT) and streaming video service iQIYI (IQ), which increased 3.7% and 3% respectively.The decliners from North Asia were led by utilities company Korea Electric Power (KEP) and video display maker LG Display (LPL), which fell 3.4% and 3.2% respectively. They were followed by online marketplace Autohome (ATHM) and fintech firm Qfin (QFIN), which were down 2% and 1.7% respectively.From South Asia, the lone gainer was IT firm Sify Technologies (SIFY), which rose 0.3%.The decliners from South Asia were led by fintech company Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which dropped 7.7% and 4.2% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys (INFY), which lost 2.5% and 2.3% respectively.