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Asian equities traded in the US as American depositary receipts were lower on Wednesday morning, down 1.2% to 2,064.56 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by cryptocurrency miner Bit Mining and computer hardware maker Canaan , which advanced 8.1% and 5.7%, respectively. They were followed by capital market company AMTD IDEA Group , which climbed 3.3%.
The decliners from North Asia were led by solar module manufacturer Jinko Solar and carmaker Honda , which were falling nearly 13% and 8.7%, respectively. They were followed by Chinese photovoltaics company Daqo New Energy , which dropped 4%.
From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories , which was up 4.5%.
The decliners from South Asia were led by telecom Telekomunikasi Indonesia , which fell 1.9%, followed by ICICI Bank , which retreated 1.4%.
BIT Mining Ltd BTCM.N, BTCM.K is expected to report resultson August 7 (estimated) for the period ending March 31 2024
The Hong Kong-based company is expected to report revenue of $12.4 million, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for BIT Mining Ltd is for breakeven results per share.
The one available analyst rating on the shares is "hold".
The average consensus recommendation for the blockchain & cryptocurrency peer group is also "Hold".
This summary was machine generated August 7 at 14:48 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
Keywords: BIT MINING-RESULTS/PREVIEW
BIT Mining said Friday it has agreed to sell its entire mining pool business operated under BTC.com to Esport - Win Ltd. for $5 million.
The sale is expected to boost BIT Mining's total shareholders' equity by about $16 million, as the business carries around $11 million in cryptocurrency net liabilities.
The sale of the business, which is subject to certain closing conditions and applicable regulatory approvals, does not include or affect other businesses of BIT Mining, the cryptocurrency mining company said.
BIT Mining was up 1% in recent trading on Friday.
Asian equities traded in the US as American depositary receipts edged higher on Wednesday morning, up 0.3% to 1,715.80 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by crypto miner Bit Mining and computer hardware maker Canaan , which each rose about 12%. They were followed by autonomous aerial vehicle company Ehang , which rose 7.6%.
The decliners from North Asia were led by used car retailer Uxin and tech company NetEase , which fell 8.8% and 4.1% respectively.
From South Asia, the gainers were led by tech conglomerate Sea and India's ICICI Bank , which gained almost 5% and 0.7% respectively. The decliners were led by Philippine telecom PLDT , which dropped 1.2%.
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