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 pulling back from sharp gains earlier in trading Tuesday morning, rising 0.58% to 2,849.07 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET), which climbed 7.7%. It was followed by lender Shinhan Financial Group (SHG) and used car marketplace Uxin (UXIN), which advanced 4.3% and 3% respectively.The decliners from North Asia were led by real estate management and digital security provider Eason Technology (DXF) and video display maker LG Display (LPL), which fell 11% and 4.6% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and polysilicon manufacturer Daqo New Energy (DQ), which were down 3.9% and 2.3% respectively.From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which rose 4.1% and 3% respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 2.2% and 1.7% respectively.The lone decliner from South Asia was fintech firm Trident Digital Tech (TDTH), which was off 0.8%.