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Asian ADRs Move Higher in Thursday Trading

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Last updated: 06/23/2022 10:35:53

10:35 AM EDT, 06/23/2022 (MT Newswires) --

In North Asia, the gainers were led by online brokerage UP Fintech Holding Ltd. (TIGR) and brand ecommerce company Baozun (BZUN), which climbed 6.9% and 6.7%, respectively. They were followed by ecommerce company Alibaba Group (BABA) and investment adviser Noah Holdings Ltd. (NOAH), which rose 6.6% and 6.2%.

The decliners in North Asia were led by automotive ecommerce platform Cango (CANG) and semiconductor company United Microelectronics (UMC), which fell 6.1% and 5.3%, respectively. They were followed by biotech firm Zai Lab Ltd. (ZLAB) and financial holding company Shinhan Financial Group (SHG), which dropped 3.9% and 3.8%.

In South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals Ltd. (ASLN) and IT firm Sify Technologies Ltd. (SIFY), which rose 14% and 2.6%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and automaker Tata Motors Ltd. (TTM), which were up 2.5% and 1.9%.

The only decliners in South Asia were telecommunications operator PLDT (PHI) and digital entertainment firm Sea Ltd. (SE), which were off 3.3% and 0.4%, respectively.

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