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Asian Equities Traded in the US as American Depositary Receipts Track Lower in Tuesday Trading
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Asian Equities Traded in the US as American Depositary Receipts Track Lower in Tuesday Trading
Oct 23, 2024 8:15 AM

10:46 AM EDT, 10/23/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 0.54% to 2,082.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and automotive ecommerce platform Tuanche ( TC ) , which climbed 9.1% and 3.6%, respectively. They were followed by video-sharing platform Bilibili ( BILI ) and education company Four Seasons Education ( FEDU ) , which rose 2.8% and 2.2%, respectively.

The decliners from North Asia were led by used car ecommerce platform Uxin ( UXIN ) and pet-focused platform Boqii ( BQ ) , which fell 6.2% and 5.4%, respectively. They were followed by online brokerage UP Fintech ( TIGR ) and education company 51Talk Online Education Group ( COE ) , which dropped 4.4% and 3.2%, respectively.

From South Asia, the lone gainer was IT firm Infosys ( INFY ) , which was up 0.3%.

The decliners from South Asia were led by telecommunications operator Telkom Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.8% and 1.3%, respectively. They were followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which were off 0.8% and 0.3%, respectively.

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