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Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Monday Trading
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Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Monday Trading
Jan 27, 2025 7:35 AM

10:27 AM EST, 01/27/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts kicked off the week sharply lower Monday morning, tumbling 2.45% to 2,095.03 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile ( JG ) , which was soaring 200%, followed by pet-focused platform Boqii ( BQ ) , which rose 6.6%. They were followed by fintech firm AMTD Digital ( HKD ) and healthcare platform 111 (YI), which increased 6.2% and 4.2% respectively.

The decliners from North Asia were led by investment holding company Dunxin Financial (DXF) and semiconductor company Himax Technologies ( HIMX ) , which shed 30% and 24% respectively. They were followed by computer hardware maker Canaan (CAN) and online game developer The9 ( NCTY ) , which fell 9.3% and 7.6% respectively.

From South Asia, the gainers were led by financial services companies ICICI Bank ( IBN ) and HDFC Bank ( HDB ) , which rose 1.3% and 0.5% respectively. They were followed by telecommunications operators PLDT ( PHI ) and Telekomunikasi Indonesia (TLK), which were up 0.4% and 0.2% respectively.

The decliners from South Asia were led by IT companies Sify Technologies ( SIFY ) and Wipro ( WIT ) , which were down 3.5% and 3.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which lost 1.6% and 0.6% respectively.

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