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Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
Dec 11, 2024 7:54 AM

10:44 AM EST, 12/11/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were up modestly Wednesday morning, rising 0.11% to 2,097.77 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which rose 5.1% and 3.9% respectively. They were followed by healthcare platform 111 (YI) and financial services company Mitsubishi UFJ Financial Group ( MUFG ) , which were up 0.1% and 1.7% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and game live-streaming service HUYA ( HUYA ) , which fell 8% and 7.7% respectively. They were followed by music streaming service Tencent Music Entertainment Group ( TME ) and advertising agency iClick Interactive Asia Group ( ICLK ) , which dropped 5.8% and 3.4% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which increased 2.9% and 3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro ( WIT ) , which advanced 1% and 1.52% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which lost 0.60%, followed by telecommunications operator PLDT ( PHI ) and financial services company HDFC Bank ( HDB ) , which were down 1.7% and 0.01% respectively.

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