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Asian Equities Traded in the US as ADRs Rise in Thursday Trading
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Asian Equities Traded in the US as ADRs Rise in Thursday Trading
Dec 19, 2024 7:49 AM

10:32 AM EST, 12/19/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Thursday morning with the S&P Asia 50 ADR Index up 0.22% to 2,042.08.

From North Asia, the gainers were led by automotive ecommerce platform TuanChe ( TC ) and internet and data center service provider VNET Group ( VNET ) , which climbed 8.1% and 4.7% respectively. They were followed by fintech firm Jiayin Group ( JFIN ) and travel company Tuniu ( TOUR ) , which were up 3.8% and 3.6% respectively.

The decliners from North Asia were led by automotive ecommerce platform Cango ( CANG ) and mobile big data platform Aurora Mobile ( JG ) , which fell 14% and 5.6% respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and online game developer The9 ( NCTY ) , which were down 3.4% and 3.3% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which increased 4.7% and 3.2% respectively. They were followed by IT firm Wipro ( WIT ) and tech conglomerate Sea (SE), which advanced 2.5% and 0.8% respectively.

The only decliners from South Asia were IT firm Sify Technologies ( SIFY ) and financial services company HDFC Bank ( HDB ) , which were off 1.3% and 0.1% respectively.

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