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Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading
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Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading
Dec 6, 2024 7:49 AM

10:32 AM EST, 12/06/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were flat Friday morning, edging 0.03% lower to 2,098.61 on the S&P Asia 50 ADR Index, which is up 1.5% for the week.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile ( CMCM ) and ad agency iClick Interactive Asia Group ( ICLK ) , which climbed 7.7% and 7.6% higher respectively. They were followed by semiconductor company Himax Technologies ( HIMX ) and computer hardware maker Canaan (CAN), which increased 6.6% and 5.8% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy ( DQ ) and mobile big data platform Aurora Mobile ( JG ) , which fell 6.4% and 5.7% respectively. They were followed by health care platform 111 (YI) and media company Phoenix New Media ( FENG ) , which dropped 5.3% and 4.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator PLDT ( PHI ) , which were up 3.5% and 0.9% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Infosys ( INFY ) , which rose 0.6% and 0.1% respectively.

The decliners from South Asia were led by financial services company ICICI Bank ( IBN ) and IT firm Wipro ( WIT ) , which lost 2.4% and 1.8% respectively. They were followed by financial services company HDFC Bank ( HDB ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1% and 0.3% respectively.

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