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Asian Equities Traded in US as American Depositary Receipts Rise in Thursday Trading
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Asian Equities Traded in US as American Depositary Receipts Rise in Thursday Trading
Jul 18, 2024 8:06 AM

10:39 AM EDT, 07/18/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts climbed Thursday morning with the S&P Asia 50 ADR Index up 0.2% to 1,996.5, paring earlier gains.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and online education platform 17 Education & Technology Group ( YQ ) , which rose 5.1% and 4.3% respectively. They were followed by mobile big data platform Aurora Mobile ( JG ) and solar project developer Emeren Group ( SOL ) , which were up 4% and 3.8% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe (TC) and financial services company CNFinance ( CNF ) , which fell 13% and 6.9% respectively. They were followed by diagnostic imaging centers company Concord Medical Services ( CCM ) and pet-focused platform Boqii ( BQ ) , which dropped 5.6% and 4% respectively.

From South Asia, the gainers were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which climbed 7.4% and 3.5% respectively. They were followed by IT firm Sify Technologies ( SIFY ) and financial services company ICICI Bank ( IBN ) , which increased 1% and 0.7% respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) , which lost 7.8%, followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 1% and 0.5% respectively.

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