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Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
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Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
Apr 1, 2024 7:55 AM

10:42 AM EDT, 04/01/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts opened the week modestly higher Monday morning, rising 0.16% to 1,885.69 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar project developer Emeren Group ( SOL ) and game live-streaming company DouYu International ( DOYU ) , which surged 21% and 11% respectively. They were followed by data and internet center services provider Vnet Group ( VNET ) and fintech platform Jiayin Group ( JFIN ) , which advanced 10% and 7.4% respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group (DUO) and computer hardware maker Canaan (CAN), which fell 5.5% and 4.9% respectively. They were followed by financial services companies Shinhan Financial Group ( SHG ) and Nomura (NMR), which fell 4.4% each.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which rose 3.2%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY) and financial services company HDFC Bank ( HDB ) , which were up 0.9% and 0.4% respectively.

The decliners from South Asia were led by biotech firm Aslan Pharmaceuticals ( ASLN ) and firm Infosys ( INFY ) , which lost 3.8% and 1.9% respectively. They were followed by tech conglomerate Sea (SE) and financial services company ICICI Bank ( IBN ) , which were down 1.2% and 1% respectively.

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