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Asian Equities Traded in the US as American Depositary Receipts Move Higher in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Move Higher in Wednesday Trading
Oct 2, 2024 11:06 PM

10:33 AM EDT, 10/02/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving higher Wednesday morning, rising 0.62% to 2,137.26 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online brokerage UP Fintech ( TIGR ) and financial services company CNFinance ( CNF ) , which surged 31% and 22%, respectively. They were followed by property technology company Fangdd Network Group ( DUO ) and consumer lending firm LexinFintech ( LX ) , which advanced 19% and 15%, respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin ( UXIN ) and education company 51Talk Online Education Group ( COE ) , which fell 5.4% and 4.7%, respectively. They were followed by thin-film liquid display maker LG Display ( LPL ) and utilities company Korea Electric Power ( KEP ) , which dropped 1.4% each.

From South Asia, the lone gainer was business process management company WNS (WNS), which rose 1%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 3.2% and 3%, respectively. They were followed by IT firms Sify Technologies (SIFY) and Wipro ( WIT ) , which were down 2.1% and 1.1%, respectively.

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