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Asian equities traded in the US as American depositary receipts were moving higher Thursday morning, rising 0.41% to 1,930.84 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by online game developer The9 and travel company Tuniu , which rose 5.8% and 4.4% respectively. They were followed by social network JOYY and internet and data center operator VNET Group , which were up 1.6% and 1.4% respectively.
The decliners from North Asia were led by pet-focused platform Boqii and financial services company Dunxin Financial , which dropped 11% and 9.8% respectively. They were followed by electric vehicle maker NIO (NIO) and biotech firm BeiGene (BGNE), which lost 7.1% and 6.6% respectively.
From South Asia, the gainers were led by tech conglomerate Sea and IT firm Wipro , which increased 2.5% and 2.4% respectively. They were followed by financial services company ICICI Bank and IT firm Infosys , which were up 1.2% and 1.1% respectively.
The decliners from South Asia were led by IT firm Sify Technologies , which lost 2.8%, followed by telecommunications operators PLDT and Telekomunikasi Indonesia , which were off 0.6% each.
Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.60% to 1,879.74 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by pet-focused platform Boqii and advertising agency iClick Interactive Asia Group , which advanced 25% and 5.8% respectively. They were followed by biotech firm BeiGene and media company Phoenix New Media , which increased 5.9% and 5% respectively.
The decliners from North Asia were led by financial services company Shinhan Financial Group (SHG) and property technology company Fangdd Network Group , which dropped 5.8% and 2% respectively. They were followed by education companies 17 Education & Technology Group and solar project developer Emeren Group , which fell 4.8% and 3.5% respectively.
From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia and PLDT , which rose 0.1% each, while financial services company ICICI Bank also was up 0.1%.
The decliners from South Asia were led by IT firms Sify Technologies and Wipro , which lost 6.2% and 3.2% respectively. They were followed by IT firm Infosys and business process management company WNS , which were down 1.6% and 1.1%.
Asian equities traded in the US as American depositary receipts were heading lower Tuesday morning, declining 0.69% to 1,879.57 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by solar project developer Emeren and online education platform 51Talk Online Education Group , which climbed 7.1% and 6.9% higher respectively. They were followed by solar panel maker JinkoSolar and consumer lending firm Qudian , which rose 3.5% and 2.8% respectively
The decliners from North Asia were led by online brokerage UP Fintech and thin-film liquid display maker LG Display , which dropped 4.2% and 3.1% respectively. They were followed by education company Four Seasons Education and automotive ecommerce platform Cango , which were down 1.5% and 0.6% respectively.
From South Asia, the only gainers were IT firms Wipro and Infosys , which increased 1.4% and 1.3% respectively.
The decliners from South Asia were led by financial services companies ICICI Bank (IBN) and HDFC Bank , which fell 1.3% and 1.1% respectively. They were followed by IT firm Sify Technologies , which was off 0.8%.
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Rubrik, Inc. fell sharply in today's pre-market trading after reporting second-quarter results.
Rubrik reported quarterly losses of 40 cents per share which beat the analyst consensus estimate of losses of 49 cents. Quarterly sales came in at $204.951 million, which beat the analyst consensus estimate of $196.209 million by 4.46%.
Rubrik shares dipped 8.1% to $29.45 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Sept 4 (Reuters) - Fangdd Network Group Ltd DUO.O:
FANGDD ANNOUNCES FURTHER UPDATES ON ITS SUBSTITUTION LISTING PLAN
FANGDD NETWORK GROUP LTD - DELAYS MANDATORY EXCHANGE EFFECTIVE DATE
FANGDD NETWORK GROUP: WORKING WITH DTC, NASDAQ, OTHER RELATED PARTIES TO FINALIZE MANDATORY EXCHANGE
Source text for Eikon: (Full Story)
Further company coverage: DUO.O
SHENZHEN, China, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced further updates on its substitution listing plan.
As previously announced on June 3 and July 31, 2024, the Company intends to terminate its existing American depositary receipts facility and list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC (“Nasdaq”) in substitution for the American depositary shares (the “ADSs”) (the “Substitution Listing”). The Company expects that, upon the effectiveness of the Substitution Listing, its ADSs will cease to be listed on Nasdaq while the Class A ordinary shares represented by the ADSs will trade on Nasdaq under the symbol of “DUO.” The Company has appointed VStock Transfer, LLC as its United States transfer agent (the “U.S. Transfer Agent”) for the Substitution Listing.
To facilitate the Substitution Listing, The Bank of New York Mellon (the “Depositary”) will call for the surrender of all ADSs to be exchanged into the Company’s Class A ordinary shares on a mandatory basis (the “Mandatory Exchange”). For ADSs held by participants of The Depository Trust Company (“DTC”), the Depositary will instruct the U.S. Transfer Agent to register a transfer of the number of deposited shares represented by those ADSs to DTC for allocation by DTC to the participant accounts entitled to them; and for uncertificated ADSs held by owners other than DTC, the Depositary will instruct the U.S. Transfer Agent to register transfers of the number of deposited shares represented by uncertificated ADSs in the names of the respective owners.
The Company anticipates that the Mandatory Exchange will not take effect on September 4, 2024, as initially scheduled. The Company is actively working with DTC, Nasdaq and other related parties to finalize the Mandatory Exchange and will announce the effective date as soon as it becomes available. ADS holders do not need to take any action and the Depositary will not charge ADS holders any fees in connection with the Mandatory Exchange. The Depositary will issue a notice regarding the Mandatory Exchange to supersede its prior notice issued to ADS holders on July 30, 2024.
There remains uncertainty regarding whether and when the Company will be able to obtain clearance from Nasdaq to effectuate the Mandatory Exchange and the Substitution Listing. Prior to the exchange date, Nasdaq may suspend the trading of the Company’s ADSs until such time as the Mandatory Exchange and the Substitution Listing shall have taken effect or as otherwise determined by Nasdaq.
About FangDD
Fangdd Network Group Ltd. (Nasdaq: DUO) is a customer-oriented property technology company in China, focusing on providing real estate transaction digitalization services. Through innovative use of mobile internet, cloud, big data, artificial intelligence, among others, FangDD has fundamentally revolutionized the way real estate transaction participants conduct their business through a suite of modular products and solutions powered by SaaS tools, products and technology. For more information, please visit http://ir.fangdd.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Ms. Linda LiDirector, Capital Markets DepartmentPhone: +86-0755-2699-8968E-mail: ir@fangdd.com
Sept 3 (Reuters) - Tuniu Corp TOUR.O:
TUNIU ANNOUNCES STRATEGIC COOPERATION WITH THE TOURISM AUTHORITY OF THAILAND
Source text for Eikon: (Full Story)
Further company coverage: TOUR.O
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