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 trending higher Tuesday morning, rising 0.17% to 2,789.09 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY), which climbed 5.5%. It was followed by video display maker LG Display (LPL) and internet and data center services provider VNET Group (VNET), which advanced 3.7% and 2.5%, respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM), which fell 4.1%. It was followed by video-streaming service iQIYI (IQ) and fintech firm J and Friends (JF), which were down 1.2% and 1%, respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 1.4%. It was followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were up 0.5% each.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 6.8% and 1%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were off 0.9% and 0.8%, respectively.
