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

MT Newswires Live
Dec 01

Asian equities traded in the US as American depositary receipts opened the week modestly higher Monday morning, rising 0.24% to 2,691.77 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile healthcare platform 111 (YI) and casino and resort operator Melco Resorts & Entertainment (MLCO), which rose 3.8% and 3.6%, respectively. They were followed by fintech firm Pintec Technology (PT) and wealth management firm Noah (NOAH), which were up 3.5% and 3.4%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and computer hardware maker Canaan (CAN), which fell 8.7% and 8.3%, respectively. They were followed by automotive marketplace Cango (CANG) and fintech company Jiayin Group (JFIN), which dropped 7.9% and 6.2%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which advanced 1.9% and 1.8%, respectively. They were followed by IT companies Wipro (WIT) and Infosys (INFY), which were increased 0.6% and 0.3%, respectively.

The decliners from South Asia were led by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which lost 1.5% and 1.3%, respectively. They were followed by tech conglomerate Sea (SE) and lender ICICI Bank (IBN), which were off 1.2% and 0.5%, respectively.

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