Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading

MT Newswires Live04-06 22:45

Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.45% to 2,647.83 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and semiconductor company Himax Technologies (HIMX), which advanced 5.2% and 3.8% respectively. They were followed by e-commerce company Baozun (BZUN) and healthcare platform 111 (YI), which were up 3.6% and 3.1% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and display panel manufacturer LG Display (LPL), which fell 7.7% and 4.5% respectively. They were followed by fintech firm J and Friends (JF) and online video streaming platform iQIYI (IQ), which were down 2.9% each.

From South Asia, the gainers were led by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which advanced 2.6% and 1.4% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which advanced 1.2% and 0.7% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which lost 1.1% and 0.5% respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were off 0.4% and 0.2 respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment