DR Market News Briefs

Asian ADRs Move Sharply Lower in Tuesday Trading


Last updated: 05/04/2021 10:39:16

10:39 AM EDT, 05/04/2021 (MT Newswires) --

In North Asia, the gainers were led by aluminum producer Aluminum Corporation of China Ltd. (ACH) and oil and gas company PetroChina Co. Ltd. (PTR), which rose 6.3% and 2%, respectively. They were followed by online financial planning platform Jianpu Technology (JT) and steel maker POSCO (PKX), which were up 1.2% and 0.6%.

The decliners in North Asia were led by used car ecommerce platform Uxin Ltd. (UXIN) and video game publisher The9 Ltd. (NCTY), which fell 15% and 7.7%, respectively. They were followed by travel company Tuniu Corp. (TOUR) and consumer lending firm China Finance Online Co. Ltd. (JRJC), which were down 7.1% and 6.7%, respectively.

In South Asia, the gainers were led by mining company Vedanta Ltd. (VEDL), which rose 0.8%, followed by telecommunications operator PLDT (PHI) and Telekomunikasi Indonesia (TLK), which were up 0.7% and 0.4%, respectively.

The decliners in South Asia were led by biotech firm ASLAN Pharmaceuticals Ltd. (ASLN) and IT company Sify Technologies Ltd. (SIFY), which lost 6.1% and 4%, respectively. They were followed by digital entertainment company Sea Ltd. (SE) and ICICI Bank Ltd. (IBN), which dropped 3.4% and 2.8%, respectively.

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