Asian Equities Traded in the US as American Depositary Receipts Fall in Friday Trading

MT Newswires Live01-10

Asian equities traded in the US as American depositary receipts were down Friday morning, dropping 2.09% to 2,039.73 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and biotech company Zai Lab (ZLAB), which rose 2.8% and 1.7% respectively. They were followed by financial services company Shinhan Financial Group (SHG) and automotive ecommerce platform Cango (CANG), which were up 0.4% and 0.2% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and online brokerage UP Fintech (TIGR), which fell 7.1% and 6.9% respectively. They were followed by solar panel maker JinkoSolar (JKS) and health platform 111 (YI), which dropped 6.1% each.

From South Asia, the gainers were led by IT companies Sify Technologies (SIFY) and Infosys (INFY), which increased 1.2% and 0.7% respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 0.6% and 0.1% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which lost 2.4% and 2.3% respectively. They were followed by financial services companies HDFC Bank (HDB) and ICICI Bank (IBN), which were down 2.2% and 1.7% respectively.

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