Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Asian equities traded in the US as American depositary receipts kicked off the week higher Monday morning, rising 0.33% to 2,880.93 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY) and brand platform Baozun (BZUN), which surged 39% and 12% respectively. They were followed by used car marketplace Uxin (UXIN) and video-sharing platform Bilibili (BILI), which advanced 5.3% and 4.7% respectively.The decliners from North Asia were led by automotive marketplace Token Cat (TC) and education company 17 Education & Technology Group (YQ), which fell 7.8% and 6.8% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and fintech firm AMTD Digital (HKD), which dropped 3.8% and 0.6% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 4.3% and 3.5% respectively. They were followed by Canaan (CAN) and IT firm Infosys (INFY), which increased 2.3% and 1.8% respectively.The lone decliner from South Asia was lender HDFC Bank (HDB), which was off 0.4%.