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

MT Newswires Live12-15

Asian equities traded in the US as American depositary receipts started the week little changed Monday morning, edging 0.07% higher to 2,691.81 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and fintech firm Maase (MAAS), which rose 8.9% and 4.3%, respectively. They were followed by consumer lender Eason Technology (DXF) and lender Sumitomo Mitsui Financial Group (SMFG), which advanced 3.8% and 3.7%, respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and pet-focused platform Boqii (BQ), which fell 5.6% and 5.2%, respectively. They were followed by fintech firm AMTD Digital (HKD) and tech company Baidu (BIDU), which were down 4.1% and 3.8%, respectively.

From South Asia, the gainers were led by IT companies Sify Technologies (SIFY) and Wipro (WIT), which increased 1.9% and 0.8%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Infosys (INFY), which were up 0.5% and 0.1%, respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which fell 1.8%, followed by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which dropped 0.5% and 0.4%, respectively.

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