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Asian Equities Traded in US as American Depositary Receipts Gain in Thursday Trading
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Asian Equities Traded in US as American Depositary Receipts Gain in Thursday Trading
Jun 20, 2024 8:02 AM

10:41 AM EDT, 06/20/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts gained Thursday morning with the S&P Asia 50 ADR Index rising 0.2% to 1,952.9

From North Asia, the gainers were led by educational company Four Seasons Education ( FEDU ) , which climbed 13%, followed by semiconductor company Himax Technologies ( HIMX ) and mobile app developer Cheetah Mobile ( CMCM ) , which both rose 11%. They were followed by financial services company CNFinance ( CNF ) , up 7.1%

The decliners from North Asia were led by consumer lending firm Dunxin Financial ( DXF ) and property technology company Fangdd Network Group ( DUO ) , which fell 16% and 7.7% respectively. They were followed by diagnostic imaging centers company Concord Medical Services ( CCM ) and solar panel maker JinkoSolar ( JKS ) , which dropped 5.7% and 3.8% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and IT company Sify Technologies ( SIFY ) , which advanced 7.3% and 4% respectively. They were followed by financial services company HDFC Bank (HDB) and business process management company WNS (WNS), which were up 2.7% and 2.3% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), down 1.3%.

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