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Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading
Mar 20, 2024 8:34 AM

11:11 AM EDT, 03/20/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were up about 0.30% at 1,898.23 on the S&P Asia 50 ADR Index Wednesday morning.

From North Asia, the gainers were led by credit-tech platform Qifu Technology ( QFIN ) and computer hardware maker Canaan (CAN), which rose 5.8% and 4.7% respectively. They were followed by consumer lending firm LexinFintech ( LX ) , which increased 3.7%.

The decliners from North Asia were led by online brokerage UP Fintech ( TIGR ) and solar panel maker JinkoSolar ( JKS ) , which fell 10% and 8.8% respectively. They were followed by biotech firm Zai Lab ( ZLAB ) , which declined 6.3%.

From South Asia, the lone gainer was financial services company ICICI Bank ( IBN ) , which was up 0.5%.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and biotech firm ASLAN Pharmaceuticals ( ASLN ) , which lost 2.9% and 1.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were down 1% each.

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