Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Tuesday Trading

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Yesterday

Asian equities traded in the US as American depositary receipts were little changed Tuesday morning, edging 0.02% higher to 2,965.07 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by utilities company Korea Electric Power (KEP) and automotive company Honda Motor (HMC), which rose 1.7% and 1.6% respectively. They were followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and used car marketplace Uxin (UXIN), which were up 1.2% and 0.9% respectively.

The decliners from North Asia were led by fintech firm Jiayin Group (JFIN) and automotive marketplace Token Cat (TC), which shed 9.8% and 9.6% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and diagnostic imaging centers company Concord Medical Services (CCM), which fell 3.4% and 2.1% respectively.

From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 5.8% and 4.1% respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.1% and 1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which dropped 2%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.7% and 0.4% respectively.

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