Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Up Over 2% for Week

MT Newswires Live
Yesterday

Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, losing 0.73% to 2,883.61 on the S&P Asia 50 ADR Index. Despite the decline, the index is up more than 2% for the week.

From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and travel company Tuniu (TOUR), which advanced 5.9% and 1.9% respectively. They were followed by semiconductor company ASE Technology (ASX) and thin-film liquid display maker LG Display (LPL), which were up 1.1% and 0.6% respectively.

The decliners from North Asia were led by financial services firm Eason Technology (DXF) and data center and internet services provider VNET Group (VNET), which dropped 7.6% and 6.4% respectively. They were followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and brand platform Baozun (BZUN), which lost 5.9% and 3.6% respectively.

From South Asia, the gainers were led by lender HDFC Bank (HDB), which rose 0.7%, followed by lender ICICI Bank (IBN) and telecommunications operator PLDT (PHI), which increased 0.5% and 0.1% respectively.

The decliners from South Asia were led by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which fell 6.1% and 2% respectively. They were followed by IT firm Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 0.9% and 0.3% respectively.

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