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Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
Nov 3, 2024 1:57 PM

10:38 AM EDT, 10/29/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moderately higher Tuesday morning, rising 0.4% to 2,104.55 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and fintech firm AMTD Digital ( HKD ) , which advanced 18.9% and 5.7% respectively. They were followed by fintech firm Pintec Technology ( PT ) and game live-streaming company DouYu International ( DOYU ) , which rose 4.2% and 3.3% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy ( DQ ) and solar panel maker JinkoSolar ( JKS ) , which tumbled 21% and 10% respectively. They were followed by automotive e-commerce platform Cango ( CANG ) and computer and internet data center VNET Group ( VNET ) , which lost 6% and 4.2% respectively.

From South Asia, the lone gainer was IT firm Sify Technologies ( SIFY ) , which rose 3.8%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 4.5% and 3.9% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys ( INFY ) , which were off 0.8% and 0.6% respectively.

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