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Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading
Jan 7, 2025 8:10 AM

10:55 AM EST, 01/07/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Tuesday morning, declining 0.27% to 2,105.89 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center services provider VNET Group ( VNET ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which climbed 7.3% and 7.7% higher respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and video-based social media platform Bilibili ( BILI ) , which advanced 4.5% and 3.1% respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which dropped 9.2% and 4.1% respectively. They were followed by advertising agency iClick Interactive Asia Group ( ICLK ) and consumer lending firm LexinFintech ( LX ) , which lost 9.2% and 2.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro ( WIT ) , which increased 2.5% and 0.7% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Sify Technologies ( SIFY ) , which were up 0.9% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and Tech conglomerate Sea (SE), which fell 3.8% and 2% respectively, followed by financial services company HDFC Bank ( HDB ) and IT firm Infosys ( INFY ) , which was off 0.2% and 0.1% respectively.

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