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 tracking higher Tuesday morning, rising 0.52% to 2,998.72 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by fashion platform MOGU (MOGU) and polysilicon manufacturer Daqo New Energy (DQ), which advanced 5.9% and 3.6% respectively. They were followed by education company 17 Education & Technology Group (YQ) and lender Shinhan Financial Group (SHG), which increased 3.4% and 3.2% respectively.The decliners from North Asia were led by fintech firm Jiayin Group (JFIN) and semiconductor company Silicon Motion Technology (SIMO), which fell 5.4% and 5.3% respectively. They were followed by fintech firm LexinFintech (LX) and semiconductor company Himax Technologies (HIMX), which were down 5% and 3.3% respectively.From South Asia, the gainers were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which rose 1.6% and 1.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 0.7% and 0.5% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN), which dropped 11%, followed by IT firm Sify Technologies (SIFY), which lost 0.6%.