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Asian ADRs Fall Sharply Lower in Tuesday Trading

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Last updated: 01/25/2022 10:34:29

10:34 AM EST, 01/25/2022 (MT Newswires) --

In North Asia, the gainers were led by automotive ecommerce platform TuanChe Limited (TC) and educational services provider Four Seasons Education Inc. (FEDU), which climbed 9.2% and 6.4% respectively. They were followed by fintech platform Jiayin Group Inc. (JFIN) and online personal finance company X Financial (XYF), which rose 5.8% and 5.3%.

The decliners in North Asia were led by online lending platform Pintec Technology Holdings (PT) and semiconductor company United Microelectronics Corporation (UMC), which fell 8.8% and 6.7% respectively. They were followed by investment holding company AMTD International Inc. (HKIB) and solar project developer and operator ReneSola Ltd. (SOL), which dropped 6.1% and 4.6%.

In South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN) and automaker Tata Motors (TTM), which rose 1.7% and 1.5% respectively. They were followed by telecommunications operators PLDT Inc. (PHI) and Telekomunikasi Indonesia (TLK), which were up 1.1% and 0.8%.

The decliners in South Asia were led by digital entertainment company Sea Limited (SE) and bank holding company HDFC Bank (HDB), which dropped 4.1% and 2.7% respectively. They were followed by IT companies Infosys (INFY) and Wipro (WIT), which lost 2.1% and 2%.

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