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Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
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Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
Nov 15, 2024 11:26 AM

10:43 AM EST, 11/14/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.6% to 2,033.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and automotive e-commerce platform Cango ( CANG ) , which climbed 7.6% and 4.2% respectively. They were followed by utility company Korea Electric Power ( KEP ) and financial services company Mitsubishi UFJ Financial Group ( MUFG ) , which rose 3.8% and 3.6% respectively.

The decliners from North Asia were led by video-sharing platform Bilibili ( BILI ) and tech company Xunlei ( XNET ) , which fell 12.7% and 9% respectively. They were followed by biotech firm Zai Lab ( ZLAB ) and e-commerce company JD.com ( JD ) , which dropped 6.7% and 3.6% respectively.

From South Asia, there were no gainers.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 7.9% and 1.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which were off 1.3% and 0.8% respectively.

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