Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Monday Trading
Asian equities traded in the US as American depositary receipts started the trading week heading sharply lower Monday morning, falling 1.06% to 2,973.73 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer Gravity (GRVY) and pharmaceutical company Takeda Pharmaceutical (TAK), which rose 3.1% and 2%, respectively. They were followed by online brokerage UP Fintech (TIGR) and fintech firm Jiayin Group (JFIN), which were up 1.4% each.The decliners from North Asia were led by semiconductor companies Silicon Motion Technology (SIMO) and ASE Technology (ASX), which fell 7.2% and 5.7%, respectively. They were followed by mobile big data platform Aurora Mobile (JG) and semiconductor company Himax Technologies (HIMX), which were down 5.4% each.From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 2.9% and 1.8%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.5% and 0.1%, respectively.The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and lender HDFC Bank (HDB), which lost 1.5% each. They were followed by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which dropped 1.1% and 0.7%, respectively.
