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

MT Newswires Live01-13

Asian equities traded in the US as American depositary receipts opened the week on a down note Monday morning, declining 0.76% to 2,021.59 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm LexinFintech (LX) and mobile app developer Cheetah (CMCM), which rose 5% and 3.2%, respectively. They were followed by fintech firm Pintec Technology (PT) and social media video platform JOYY (YY), which were up 3% and 2.9%, respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and computer hardware maker Canaan (CAN), which fell 12% and 9.3%, respectively. They were followed by healthcare platform 111 (YI) and automotive ecommerce platform TuanChe (TC), which dropped 7% and 5.2%, respectively.

From South Asia, the lone gainer was IT firm Sify Technologies (SIFY), which was up 2.7%.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which lost 3.3% and 3%, respectively. They were followed by telecommunications operator PLDT (PHI) and financial services company HDFC Bank (HDB), which were down 2.7% and 1%, respectively.

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