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Asian Equities Traded in the US as American Depositary Receipts Rally in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Rally in Tuesday Trading
Mar 12, 2024 7:56 AM

10:44 AM EDT, 03/12/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were rallying Tuesday morning, rising 1.64% to 1,922.08 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and educational company Four Seasons Education ( FEDU ) , which climbed 11% and 10%, respectively. They were followed by personal credit services company Qifu Technology ( QFIN ) and online luxury retailer Secoo ( SECO ) , which advanced 8.5% and 7.3%, respectively.

The decliners from North Asia were led by solar project developer Emeren Group ( SOL ) and educational company 17 Education & Technology Group ( YQ ) , which fell 5.1% and 5%, respectively. They were followed by pet-focused platform Boqii ( BQ ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which dropped 3.3% and 2.3%, respectively.

From South Asia, the gainers were led by financial services company HDFC Bank ( HDB ) and IT firm Infosys ( INFY ) , which rose 2% and 1.3%, respectively. They were followed by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which were up 0.8% each.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) and biotech firm ASLAN Pharmaceuticals ( ASLN ) , which lost 3.8% and 1.8%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 1% and 0.1% respectively.

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