DR Market News Briefs

Asian ADRs Move Sharply Lower in Monday Trading


Last updated: 02/22/2021 10:48:38

10:48 AM EST, 02/22/2021 (MT Newswires) --

In North Asia, the gainers were led by aluminum producer Aluminum Corporation of China Limited (ACH) and online financial planning platform Jiayin Group Inc. (JFIN), which climbed 12.4% and 5.7% respectively. They were followed by travel company Tuniu Corporation (TOUR) and oil and gas company PetroChina Company Limited (PTR), which rose 7.4% and 6.6%.

The decliners in North Asia were led by consumer finance services provider LexinFintech Holdings Ltd. (LX) and technology company Xunlei Limited (XNET), which fell 11.8% and 13.4% respectively. They were followed by financial technology firm 360 DigiTech, Inc. (QFIN) and news aggregator Qutoutiao Inc. (QTT), which lose 9.4% and 7.5%.

In South Asia, the lone gainer was mining company Vedanta Limited (VEDL), which rose 4.6%.

The decliners in South Asia were led by IT firm Sify Technologies Limited (SIFY) and digital entertainment company Sea Limited (SE), which fell 6.3% and 5.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories Limited (RDY) and HDFC Bank Limited (HDB), which were down 3.6% and 2.9%.

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