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Asian Equities Traded in US as ADRs Rise in Tuesday Trading
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Asian Equities Traded in US as ADRs Rise in Tuesday Trading
Oct 22, 2024 12:27 PM

10:47 AM EDT, 10/22/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts edged higher Tuesday morning with the S&P Asia 50 ADR Index up 0.1% to 2,100.12.

From North Asia, the gainers were led by fintech firm Pintec Technology ( PT ) and consumer lending company LexinFintech ( LX ) , which both climbed 10%. They were followed by online video streaming service iQIYI (IQ) and brand platform Baozun ( BZUN ) , which advanced 9.3% and 8% respectively.

The decliners from North Asia were led by online brokerage UP Fintech ( TIGR ) and automotive ecommerce platform TuanChe ( TC ) , which fell 7% and 1.9% respectively. They were followed by financial services company Sumitomo Mitsui Financial Group ( SMFG ) and solar project developer Emeren Group ( SOL ) , which were down 1.3% and 1.2% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which surged 19%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were up 0.2% and 0.1% respectively.

The only decliners from South Asia were telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys ( INFY ) , which were down 3.7% and 0.2% respectively.

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