Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading

MT Newswires Live
Dec 16

Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 1.15% to 2,648.44 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive marketplace Cango (CANG) and solar panel maker JinkoSolar (JKS), which climbed 8.3% and 2.8% respectively. They were followed by online game developer The9 (NCTY) and computer hardware maker Canaan (CAN), which increased 1.6% and 0.5% respectively.

The decliners from North Asia were led by fintech firms Maase (MAAS) and Pintec Technology (PT), which fell 10% and 7.3% respectively. They were followed by internet and data center services provider VNET Group (VNET) and lender Mitsubishi UFJ Financial Group (MUFG), which were down 4.3% and 2.6% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 1.7%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 1.1% and 0.4% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Wipro (WIT), which lost 1.1% and 0.9% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which both dropped 0.8%.

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