Asian equities traded in the US as American depositary receipts kicked off the trading week on a strong note Monday morning, rising 1.14% to 2,400.71 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and fintech firm LexinFintech (LX), which advanced 81% and 13%, respectively. They were followed by game live-streaming service HUYA (HUYA) and electric vehicle maker NIO (NIO), which climbed 11% and 5.3%, respectively.
The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and consumer lending firm Eason Technology (DXF), which lost 6.8% and 3.3%, respectively. They were followed by online game developer The9 (NCTY) and fintech firm Qifu Technology (QFIN), which were down 2.1% each.
From South Asia, the gainers were led by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which rose 3.9% and 3.6%, respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were up 1.8% and 1.3%, respectively.
The only decliners from South Asia were tech conglomerate Sea (SE) and IT firm Wipro (WIT), which dropped 7.3% and 1.3%, 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.