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Asian ADRs Move Lower in Thursday Trading

MT Newswires ·  {{timeTz}}

10:40 AM EDT, 08/26/2021 (MT Newswires) -- American depositary receipts of Asian stocks were trading 0.71% lower at 1,982.44 on the S&P/BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by educational services providers Tarena International, Inc. (TEDU) and China Online Education Group (COE), which climbed 9.4% and 7.8% respectively. They were followed by housing transaction platform KE Holdings Inc. (BEKE) and video-based social media platform JOYY Inc. (YY), which rose 6.9% and 6.3%

The decliners in North Asia were led by wealth management firm Puyi Inc. (PUYI) and fintech platform Jiayin Group Inc. (JFIN), which fell 7.1% and 4.6% respectively. They were followed by thin-film liquid display maker LG Display (LPL) and polysilicon manufacturer Daqo New Energy Corp. (DQ), which lost 2.8% and 2.3%

In South Asia, the gainers were led by telecommunications operator PLDT Inc. (PHI) and biotech firm ASLAN Pharmaceuticals Limited (ASLN), which rose 7.5% and 2.5% respectively. They were followed by IT firm Sify Technologies Limited (SIFY) and bank holding company ICICI Bank Limited (IBN), which were up 0.9% and 0.3%.

The decliners in South Asia were led by digital entertainment company Sea Limited (SE) and IT company Infosys Limited (INFY), which lost 1.6% and 1% respectively. They were followed by bank holding company HDFC Bank Limited (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.8% and 0.7%.

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