10:35 AM EDT, 04/12/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower, falling 1.89% to 1,877.95 Friday morning on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm AMTD Digital (HKD) and brand platform 36Kr (KRKR), which rose 12% and 8.5% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and diagnostic imaging centers company Concord Medical Services (CCM), which increased 4.8% each.

The decliners from North Asia were led by automotive ecommerce platform TuanChe (TC) and consumer lending firm Dunxin Financial (DXF), which fell 10% and 8.1% respectively. They were followed by ecommerce fashion platform MOGU (MOGU) and electric vehicle maker NIO (NIO), which dropped 7.1% and 6.6% respectively.

From South Asia, the lone gainer was IT firm Sify Technologies (SIFY), which was up 0.7%.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT company Infosys (INFY), which lost 2.7% and 2% respectively. They were followed by tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which were down 1.5% each.

http://www.mtnewswires.com
Copyright © 2024 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.