Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Lose 1.4% for Week

MT Newswires Live
Oct 31

Asian equities traded in the US as American depositary receipts were down Friday morning, declining 0.62% to 2,728.30 on the S&P Asia 50 ADR Index, which closed out the week 1.4% lower.

From North Asia, the gainers were led by fintech firm AMTD Digital (HKD) and consumer lending company LexinFintech (LX), which surged 150% and 26%, respectively. They were followed by computer hardware maker Canaan (CAN) and fintech firm Qfin (QFIN), which climbed 16% and 13%, higher respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and education company Four Seasons Education (FEDU), which fell 11% and 7%, respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and brand platform 36Kr (KRKR), which dropped 4.4% and 3.2%, respectively.

From South Asia, the only gainers were IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which were up 3.6% and 0.6%, respectively.

The decliners from South Asia were led by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which lost 2.5% and 2.1%, respectively, followed by IT firms Wipro (WIT) and Infosys (INFY), which were down 1.3% and 1.2%, respectively.

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