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Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading
Aug 14, 2024 8:01 AM

10:41 AM EDT, 08/14/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Wednesday morning, declining 0.93% to 1,900.85 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform TuanChe ( TC ) and personal credit institution company Qifu Technology ( QFIN ) , which climbed 8.7% and 7.9% respectively. They were followed by online game developer The9 ( NCTY ) and automotive ecommerce platform Cango ( CANG ) , which rose 10.2% and 3.5% respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial ( DXF ) and fintech firm AMTD Digital ( HKD ) , which fell 1.1% and 5.8% respectively. They were followed by brand platform 36Kr (KRKR) and video-sharing platform Bilibili ( BILI ) , which dropped 7.7% and 4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 2.3% and 0.5% respectively. They were followed by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which increased 0.6% and 0.1% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator PLDT ( PHI ) , which lost 4.2% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro ( WIT ) , which were down 2.2% and 0.1% respectively.

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