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Asian Equities Traded in the US as American Depositary Receipts Edge Up in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Edge Up in Wednesday Trading
Sep 23, 2024 12:29 AM

10:36 AM EDT, 09/18/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts edged higher Wednesday morning with the S&P Asia 50 ADR Index up 0.2% to 1,926.59.

From North Asia, the gainers were led by brand management platform 36Kr (KRKR) and education company 17 Education & Technology Group ( YQ ) , which rose 9.8% and 2.9% respectively. They were followed by fintech firms Jiayin Group ( JFIN ) and Pintec Technology ( PT ) , which were up 2.5% and 2% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and electric vehicle maker NIO (NIO), which fell 6.7% and 3.8% respectively. They were followed by mobile healthcare platform 111 (YI) and property technology company Fangdd Network Group ( DUO ) , which dropped 3.1% and 2.9% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and financial services company ICICI Bank ( IBN ) , which increased 1.5% and 1.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank ( HDB ) , which were up 1.1% and 0.2% respectively.

The decliners from South Asia were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which lost 2.1% and 1.8% respectively. They were followed by telecommunications operator PLDT ( PHI ) and IT firm Sify Technologies ( SIFY ) , which were down 1.6% and 1.4% respectively.

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