Asian ADRs Climb Higher in Tuesday Trading

Last Updated: Tuesday, October 19, 2021 10:39 AM | MT Newswires

American depositary receipts of Asian stocks were trading 1.2% higher at 2,032.15 on the S&P/BNY Mellon Asia 50 ADR Index on Tuesday.

In North Asia, the gainers were led by online entertainment service iQIYI (IQ) and online brokerage UP Fintech Holdings (TIGR), which climbed 14% and 6.8%, respectively. They were followed by video-sharing site Bilibili (BILI) and fintech company 360 DigiTech (QFIN), which added 6.2% each.

The decliners in North Asia were led by automotive e-commerce platform TuanChe (TC) and fashion e-commerce platform MOGU (MOGU), which declined 4.1% and 3.2%, respectively. Automotive transaction service platform Cango (CANG) was down 2.4% and online luxury retailer Secoo Holding (SECO) lost 1.3%.

In South Asia, the gainers were led by digital entertainment firm Sea Ltd. (SE) and IT firm Sify Technologies (SIFY), which rose 2.9% and 1.4%, respectively. They were followed by bank holding company HDFC Bank Limited (HDB) and biotech firm ASLAN Pharmaceuticals Limited (ASLN), which were up 1.3% and 0.9%.

The decliners in South Asia were led by automaker Tata Motors (TTM), which declined 5%, and mining company Vedanta (VEDL), which lost 3.5%. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.2% and 0.9%, respectively.

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