Asian ADRs Decline in Monday Trading

Last Updated: Monday, September 20, 2021 10:51 AM | MT Newswires

American depositary receipts of Asian stocks were trading 2.6% lower at 1,946.11 on the S&P/BNY Mellon Asia 50 ADR Index on Monday.

In North Asia, the gainers were led by wealth management firm Jupai Holdings (JP) and display maker LG Display Co. (LPL), which rose 5% and 2.2%, respectively. They were followed by search engine company Sogou Inc. (SOGO) and automotive e-commerce platform TuanChe (TC), which were up 1.8% and 1.7%.

The decliners in North Asia were led by personal finance company X Financial (XYF) and housing transaction platform KE Holdings (BEKE), which declined 9.6% and 9.3%, respectively. They were followed by used car e-commerce platform Uxin Ltd. (UXIN) and online game operator The9 Ltd. (NCTY), which were both down 8.9%.

In South Asia, the gainers were led by telecommunications operator PLDT (PHI), which rose 1.4%, followed by IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which both added 0.1%.

The decliners in South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and automaker Tata Motors (TTM), which retreated 3.7% and 3.4%, respectively. Mining firm Vedanta (VEDL) was down 3.2% and IT company Sify Technologies (SIFY) lost 3%.

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