Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.77% to 2,840.18 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by travel company Tuniu (TOUR) and fintech firm J and Friends (JF), which climbed 7% and 6.5% respectively. They were followed by brand platform Baozun (BZUN) and video-sharing platform Bilibili (BILI), which advanced 4.1% and 3.8% respectively.The decliners from North Asia were led by lender Shinhan Financial Group (SHG) and utilities company Korea Electric Power (KEP), which dropped 4.5% and 3.5% respectively. They were followed by online game developer The9 (NCTY) and diagnostic imaging centers company Concord Medical Services (CCM), which lost 2.5% and 2.1% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and computer hardware maker Canaan (CAN), which rose 5% and 2.9% respectively. They were followed by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 2.8% and 0.7% respectively.The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which fell 7% and 1.9% respectively. They were followed by fintech firm Trident Digital Tech (TDTH) and telecommunications operator PLDT (PHI), which were off 0.9% and 0.3% respectively.