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Bank Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Monday Trading
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Bank Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Monday Trading
Mar 11, 2024 8:12 AM

10:47 AM EDT, 03/11/2024 (MT Newswires) -- Bank stocks led Asian equities traded in the US as American depositary receipts lower Monday morning with the S&P Asia 50 ADR Index falling 1.47% to 1,902.61.

From North Asia, the gainers were led by property technology company Fangdd Network ( DUO ) and game live-streaming service HUYA ( HUYA ) , which surged 75% and 17% respectively. They were followed by video-sharing website Bilibili ( BILI ) and internet and data center services provider VNET Group ( VNET ) , which climbed 13% and 9.7% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and mobile big data solutions platform Aurora Mobile ( JG ) , which fell 9.2% and 5.3% respectively. They were followed by financial services companies Mitsubishi UFJ Financial Group ( MUFG ) and Sumitomo Mitsui Financial Group ( SMFG ) , which dropped 4.8% and 4.7% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT ( PHI ) and biotech firm ASLAN Pharmaceuticals ( ASLN ) , which advanced 11% and 8.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 0.8% and 0.6% respectively.

The decliners from South Asia were led by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which were down 1% and 0.8% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Infosys ( INFY ) , which were off 0.4% and 0.2% respectively.

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