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Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Tuesday Trading
Sep 3, 2024 8:05 AM

10:45 AM EDT, 09/03/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were down sharply Tuesday morning, falling 1.58% to 1,933.70 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile ( JG ) and the used car ecommerce platform Uxin ( UXIN ) , which climbed 10% and 5.1% respectively. They were followed by education platform 17 Education & Technology Group ( YQ ) and ad agency iClick Interactive Asia Group ( ICLK ) , which increased 5.4% and 0.8% respectively.

The decliners from North Asia were led by education company Four Seasons Education ( FEDU ) and brand platform 36Kr (KRKR), which dropped 17.7% and 6.7% respectively. They were followed by thin-film liquid display maker LG Display ( LPL ) and financial services company CNFinance ( CNF ) , which lost 6.6% and 6.3% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which soared 116%, followed by financial services company ICICI Bank ( IBN ) , which rose 0.8%, while tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK) were up 0.9% and 0.3% respectively.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 3.3% and 2.9% respectively. They were followed by business process management company WNS (WNS) and IT firm Wipro ( WIT ) , which were down 2.2% and 0.7% respectively.

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