Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Monday Trading
Asian equities traded in the US as American depositary receipts were edging higher Monday morning, rising 0.15% to 2,948.83 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and tech company Alibaba Group (BABA), which rose 9.8% and 5% respectively. They were followed by brand platform Baozun (BZUN), which gained 3.1%.The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and lender Sumitomo Mitsui Financial Group (SMFG), which fell 3.3% and 2.8% respectively. They were followed by internet and data center services provider VNET Group (VNET), which lost 2.6%.From South Asia, the gainers were led by IT firm Wipro (WIT), which rose 3.3%. It was followed by ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.7% and 0.9% respectively.