Asian ADRs Nudge Higher in Monday Trading

Monday, December 28, 2020 10:36 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.15% higher at 1,986.50 on the S&P/BNY Mellon Asia 50 ADR Index on Monday.

In North Asia, the gainers were led by solar equipment company ReneSola (SOL) and online sports lottery betting service Limited (WBAI), which climbed 18% and 17% respectively. They were followed by polysilicon manufacturer Daqo New Energy Corp. (DQ) and video game publisher The9 Limited (NCTY), which rose 12% and 8.1%.

The decliners in North Asia were led by ecommerce fashion platform MOGU Inc. (MOGU) and Secoo Holding Limited (SECO), which fell 6.1% each. They were followed by educational services providers Four Seasons Education (FEDU) and GSX Techedu Inc. (GSX), which lost 3.8% and 3.6% respectively.

In South Asia, the gainers were led by automaker Tata Motors Limited (TTM) and IT firm Sify Technologies Limited (SIFY), which rose 7.3% and 5.1% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT company Infosys Limited (INFY), which increased 2.3% and 1.4%.

The decliners in South Asia were led by digital entertainment company Sea Limited (SE), which lost 5%, followed by telecommunications operator PLDT Inc. (PHI) and business process management services provider WNS Holdings (WNS), which were off 0.7% and 0.03%.

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