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Asian Equities Traded in the US as ADRs Ease in Wednesday Trading
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Asian Equities Traded in the US as ADRs Ease in Wednesday Trading
Apr 9, 2025 7:57 AM

10:32 AM EDT, 04/09/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts eased Wednesday morning with the S&P Asia 50 ADR Index down 0.1% to 1,822.10, erasing earlier gains.

From North Asia, the gainers were led by consumer lending firm Eason Technology ( DXF ) and education company Four Seasons Education ( FEDU ) , which surged 63% and 22% respectively. They were followed by video-streaming service iQIYI (IQ) and video-sharing platform Bilibili ( BILI ) , which climbed 12% and 5.9% respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and internet and data center services provider VNET Group ( VNET ) , which lost 9.9% and 6.2% respectively. They were followed by online education platform 51Talk Online Education Group ( COE ) and semiconductor company ASE Technology ( ASX ) , which dropped 5% and 4.8% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which rose 1.3% and 0.5% respectively. They were followed by financial services companies ICICI Bank ( IBN ) and HDFC Bank ( HDB ) , which were up 0.3% and 0.1% respectively.

The decliners from South Asia were led by IT companies Wipro ( WIT ) and Sify Technologies ( SIFY ) , which fell 2.5% and 1.9% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which were off 1% and 0.2% respectively.

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