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Asian Equities Traded in the US as American Depositary Receipts Nudge Lower in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Nudge Lower in Tuesday Trading
Oct 2, 2024 10:16 PM

10:43 AM EDT, 10/01/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending slightly lower Tuesday morning, declining 0.04% to 2,090.95 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by financial services company CNFinance ( CNF ) and online brokerage UP Fintech ( TIGR ) , which climbed 15% and 12%, respectively. They were followed by consumer lending firm LexinFintech ( LX ) , which added 11% and diagnostic imaging centers company Concord Medical Services ( CCM ) , which gained 7.9%.

The decliners from North Asia were led by used car e-commerce platform Uxin ( UXIN ) and property technology company Fangdd Network Group ( DUO ) , which tumbled 23% and 15%, respectively. They were followed by media company Phoenix New Media ( FENG ) and solar panel maker JinkoSolar ( JKS ) , which dropped 8.2% and 8%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 0.9%, followed by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which were up 0.6% and 0.3% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and business process management company WNS (WNS), which fell 2.4% and 1.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.6% and 0.3% respectively.

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