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Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading; Ends Week Sharply Higher
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Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading; Ends Week Sharply Higher
Sep 13, 2024 12:14 PM

11:03 AM EDT, 09/13/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were treading water Friday morning, nudging 0.2% higher to 1,935.01 on the S&P Asia 50 ADR Index, which is set to close out the week around 2.7% higher.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and automotive ecommerce platform Cango ( CANG ) , which climbed 6.4% and 5.8% respectively. They were followed by financial services companies Dunxin Financial ( DXF ) and Shinhan Financial Group ( SHG ) , which rose 5.2% and 4.4% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile ( CMCM ) and game-centric live streaming platform DouYu International ( DOYU ) , which fell 5.2% and 3.9% respectively. They were followed by video-sharing platform Bilibili ( BILI ) and property technology company Fangdd Network Group ( DUO ) , which dropped 4% and 3.4% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies ( SIFY ) and Wipro ( WIT ) , which increased 5% and 3.5% respectively. They were followed by business process management company WNS (WNS) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.6% and 1% respectively.

The only decliners from South Asia were telecommunications operator PLDT ( PHI ) and financial services company ICICI Bank ( IBN ) , which were off 0.3% and 0.1% respectively.

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