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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
Sep 11, 2024 10:31 AM

10:50 AM EDT, 09/11/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.60% to 1,879.74 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii ( BQ ) and advertising agency iClick Interactive Asia Group ( ICLK ) , which advanced 25% and 5.8% respectively. They were followed by biotech firm BeiGene ( BGNE ) and media company Phoenix New Media ( FENG ) , which increased 5.9% and 5% respectively.

The decliners from North Asia were led by financial services company Shinhan Financial Group (SHG) and property technology company Fangdd Network Group ( DUO ) , which dropped 5.8% and 2% respectively. They were followed by education companies 17 Education & Technology Group ( YQ ) and solar project developer Emeren Group ( SOL ) , which fell 4.8% and 3.5% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which rose 0.1% each, while financial services company ICICI Bank ( IBN ) also was up 0.1%.

The decliners from South Asia were led by IT firms Sify Technologies ( SIFY ) and Wipro ( WIT ) , which lost 6.2% and 3.2% respectively. They were followed by IT firm Infosys ( INFY ) and business process management company WNS (WNS), which were down 1.6% and 1.1%.

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