DR Market News Briefs

Asian ADRs Decline in Friday Trading


Last updated: 09/23/2022 10:53:12

10:53 AM EDT, 09/23/2022 (MT Newswires) --

In North Asia, the gainers were led by Chinese educational and career enhancement services provider Ambow (AMBO) and e-commerce platform operator Secoo (SECO), which climbed 10% and 5.9%, respectively. Chinese aesthetic medical services provider Aesthetic Medical (AIH) followed, up 4.4%, and mobile content platform operator Qutoutiao (QTT), which rose 3%.

Chinese social networking platform operator Lizhi (LIZI) and South Korean electronics company LG Display (LPL) led the decliners in North Asia, down 9.3% and 5.7%, respectively. They were followed by Chinese solar panel manufacturer JinkoSolar (JKS) and biopharmaceutical company Hutchison China Meditech (HCM), which fell 5.6% and 5.3%.

In South Asia, Indian information technology company Infosys (INFY) was the only gainer, up 0.1%.

The decliners in South Asia were led by Singapore-based internet company Sea Ltd. (SE) and Indian financial services company ICICI Bank (IBN), which lost 3.4% and 3.1%, respectively. Indian automotive manufacturer Tata Motors (TTM) and business process management company WNS Holdings (WNS) followed, down 2.4% and 1.7%, respectively.

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