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Asian ADRs Move Lower in Wednesday Trading

MT Newswires ·  {{timeTz}}

10:39 AM EDT, 06/22/2022 (MT Newswires) -- American depositary receipts of Asian stocks were trading 1.1% lower at 1,513.88 on the S&P/BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by biotech firm Zai Lab (ZLAB) and educational services provider Tarena International (TEDU), which climbed 10% and 9.6%, respectively. They were followed by used car e-commerce platform Uxin (UXIN) and educational services provider Four Seasons Education (FEDU), which rose 8.9% and 6.1%, respectively.

The decliners in North Asia were led by financial product information platform Jianpu Technology (JT) and travel company Tuniu Corp. (TOUR), which fell 10% and 6.6%, respectively. They were followed by semiconductor company United Microelectronics Corp. (UMC) and energy firm PetroChina Company (PTR), which lost 6.1% and 5.6%, respectively.

In South Asia, the only gainers were biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which rose 11% and 0.8%, respectively.

The decliners in South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which lost 2.7% and 2.2%, respectively. They were followed by financial services company ICICI Bank (IBN) and automaker Tata Motors (TTM), which were down 1.9% and 1.3%, respectively.

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