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Asian Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading
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Asian Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading
Oct 7, 2024 8:16 AM

10:50 AM EDT, 10/07/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were treading water in early Monday trading, nudging 0.04% lower to 2,165.49 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar panel maker JinkoSolar ( JKS ) and online game developer The9 ( NCTY ) , which climbed 19% and 10%, respectively. They were followed by polysilicon manufacturer Daqo New Energy ( DQ ) and wealth management firm Noah (NOAH), which rose 8.5% and 7%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and financial services company CNFinance ( CNF ) , which tumbled 26% and 25%, respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and fintech firm Pintec Technology ( PT ) , which fell 12% and 9.1%, respectively.

From South Asia, the gainers were led by IT firms Sify Technologies ( SIFY ) and Infosys ( INFY ) , which increased 10% and 1%, respectively. They were followed by business process management company WNS (WNS) and tech conglomerate Sea (SE), which were up 0.4% and 0.1%, respectively.

The decliners from South Asia were led by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which dropped 1.8% and 1.5%, respectively. They were followed by telecommunications operator PLDT ( PHI ) and IT firm Wipro ( WIT ) , which were down 1% and 0.3%, respectively.

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