Asian Equities Traded in the US as American Depositary Receipts Open Week Flat in Monday Trading

MT Newswires Live
Nov 04

Asian equities traded in the US as American depositary receipts started the week little changed Monday morning, edging 0.1% higher to 2,732.87 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii (BQ) and used car market place Uxin (UXIN), which surged 50% and 14% respectively. They were followed by automotive marketplace Token Cat (TC) and utilities company Korea Electric Power (KEP), which advanced 3.5% and 4.6% respectively.

The decliners from North Asia were led by fintech firm AMTD Digital (HKD) and consumer lender Eason Technology (DXF), which tumbled 7.5% and 5.6% respectively. They were followed by used car dealer Cango (CANG) and fintech company Qfin (QFIN), which dropped 5% and 2.8% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which rose 2.5% and 1.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which were up 0.2% and 0.9% each.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which fell 3% and 2.1% respectively. They were followed by IT companies Infosys (INFY) and Wipro (WIT), which were down 1% each.

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