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Asian Equities Traded in the US as ADRs Rise in Tuesday Trading
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Asian Equities Traded in the US as ADRs Rise in Tuesday Trading
Jan 28, 2025 7:53 AM

10:42 AM EST, 01/28/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Tuesday morning with the S&P Asia 50 ADR Index gaining 1% to 2,110.05.

From North Asia, the gainers were led by consumer lending firm Dunxin Financial (DXF), which more than tripled, followed by automotive ecommerce platform TuanChe ( TC ) , which climbed 9%. Education company Four Seasons Education ( FEDU ) rose 5.9%.

The decliners from North Asia were led by mobile big data platform Aurora Mobile ( JG ) , down 27%, and computer hardware maker Canaan (CAN), which fell 5.9%. They were followed by fintech firm Pintec Technology ( PT ) , down 5%, and media company Phoenix New Media ( FENG ) , which dropped 3.8%.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , up 2.7%, and tech conglomerate Sea (SE), up 2.6%. They were followed by financial services companies HDFC Bank ( HDB ) , up 1.8%, and ICICI Bank ( IBN ) , which increased 1.1%.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.6%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), down 0.9%, and IF firm Infosys ( INFY ) , down 0.4%.

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