Asian Equities Traded in the US as American Depositary Receipts Advance in Monday Trading
Asian equities traded in the US as American depositary receipts were slightly higher on Monday morning, up 0.2% to 2,938.75 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by technology company NetEase (NTES) and financial group Mitsubishi UFJ Financial (MUFG), which advanced 3.4% and 1.4% respectively. They were followed by private education service provider New Oriental Education & Tech (EDU), which added 0.7%.The decliners from North Asia were led by solar technology companies Daqo New Energy (DQ) and JinkoSolar (JKS), which fell 4.5% and 2.9% respectively.From South Asia, the gainers were led by technology company Infosys (INFY) and tech conglomerate Sea (SE), which rose 3.7% and 2.8% respectively.The decliners from South Asia were led by technology company Sify Technologies (SIFY), which fell 3.3%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was down 1.5%.