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Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
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Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
Apr 11, 2024 7:51 AM

10:39 AM EDT, 04/11/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.37% to 1,898.50 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii ( BQ ) and online luxury retailer Secoo ( SECO ) , which climbed 15% and 8.7%, respectively. They were followed by automotive e-commerce platform Cango ( CANG ) and video-sharing site Bilibili ( BILI ) , which rose 5.1% and 5%, respectively.

The decliners from North Asia were led by automotive e-commerce platform TuanChe ( TC ) , which fell 7.3% and then financial services company CNFinance ( CNF ) , which retreated 4.4%. Utilities company Korea Electric Power ( KEP ) was down 3.1% and solar panel maker JinkoSolar ( JKS ) lost 2.7%.

From South Asia, the only gainers were IT firm Sify Technologies ( SIFY ) and business process management company WNS (WNS), which were up 1.5% and 0.04%, respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and tech conglomerate Sea (SE), which lost 2.9% and 2.2%, respectively. Financial services firm HDFC Bank ( HDB ) was also down 1.1% and telecommunications operator PLDT ( PHI ) , which retreated 1%.

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