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Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Tuesday Trading
Sep 17, 2024 8:13 AM

10:44 AM EDT, 09/17/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving slightly lower Tuesday morning, declining 0.2% to 1,929.84 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by video-streaming service iQIYI (IQ) and internet and data center provider VNET Group ( VNET ) , which rose 6.9% and 6.2% respectively. They were followed by financial services company CNFinance ( CNF ) and computer hardware maker Canaan (CAN), which were up 6% and 5.8% respectively.

The decliners from North Asia were led by financial services company Dunxin Financial ( DXF ) and automotive e-commerce platform TuanChe ( TC ) , which fell 34% and 4.1% respectively. They were followed by property technology company Fangdd Network Group ( DUO ) and financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which were down 3.5% and 3.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which increased 3.5%, followed by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which rose 0.5% and 0.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which lost 1.5% and 1.2% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), which was off 1.1%.

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