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Asian Equities Traded in the US as American Depositary Receipts Flat in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Flat in Wednesday Trading
Mar 13, 2024 8:06 AM

10:45 AM EDT, 03/13/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were flat Wednesday morning as they nudged 0.0047% higher to 1,924.86 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu ( TOUR ) and personal credit institutions company Qifu Technology ( QFIN ) , which climbed 18% and 10% respectively. They were followed by biotech companies BeiGene ( BGNE ) and Zai Lab ( ZLAB ) , which advanced 9% and 8.2% respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and educational company Four Seasons Education ( FEDU ) , which fell 22% and 7.1% respectively. They were followed by media company Phoenix New Media ( FENG ) and ecommerce fashion platform MOGU ( MOGU ) , which dropped 5.7% and 4.8% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT ( PHI ) , which rose 1.5% and 1.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and business process management company WNS (WNS), which were up 0.5% and 0.7% respectively.

The decliners from South Asia were led by IT firm Wipro ( WIT ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 2.4% and 1% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Infosys ( INFY ) , which were off 0.4% and 0.3% respectively.

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