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Asian Equities Traded in the US as American Depositary Receipts Nudge Lower in Thursday Trading

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Last updated: 03/28/2024 10:47:19

10:47 AM EDT, 03/28/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending slightly lower Thursday morning, declining 0.1% to 1,883.95 on the S&P Asia 50 ADR Index, which looks set to end the shortened trading week more than 1% lower.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and online luxury retailer Secoo (SECO), which climbed 11.6% and 5.3% respectively. They were followed by mobile healthcare platform 111 (YI) and travel company Tuniu (TOUR), which both rose 4%.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and mobile big data platform Aurora Mobile (JG), which fell 5.8% and 5% respectively. They were followed by online real estate trading platform Fangdd Network Group (DUO) and fintech platform Jiayin Group (JFIN), which lost 4.4% and 4.3% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and business process management company WNS (WNS), which increased 3.2% and 2.5% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was up 1.8%.

The decliners from South Asia were biotech firm ASLAN Pharmaceuticals (ASLN) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 4.7% and 0.8%.

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