DR Market News Briefs

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


Last updated: 11/20/2023 10:44:17

10:44 AM EST, 11/20/2023 (MT Newswires) -- Asian equities traded in the US as American depositary receipts kicked off the week modestly higher in Monday trading, as they rose 0.32% to 1,663.20 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech platform Jiayin Group (JFIN) and electric vehicle maker NIO (NIO), which climbed 7.6% and 7.4%, respectively. They were followed by online brokerage UP Fintech (TIGR) and game live-streaming platform HUYA (HUYA), which rose 6% and 5.6%, respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial (DXF) and online educational platform 17 Education & Technology Group (YQ), which fell 17% and 4.5%, respectively. They were followed by financial product recommendation platform Jianpu Technology (JT) and automaker Honda Motor (HMC), which were down 3.9% and 3.6%, respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and Telekomunikasi Indonesia Tbk (TLK) which rose 0.8% and 0.7%, respectively. They were followed and telecommunications operators PLDT (PHI) and IT firm Wipro (WIT), which were up 0.6% and 0.3%, respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and biotech firm ASLAN Pharmaceuticals (ASLN), which fell 1.2% and 0.6%, respectively. They were followed by financial services company HDFC Bank (HDB) and IT Firm Infosys (INFY), which were off 0.5% each.

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