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

MT Newswires Live06-14

Asian equities traded in the US as American depositary receipts were trending lower Friday morning, declining 0.9% to 1,933.52 on the S&P Asia 50 ADR Index. The index is down 0.5% for the week so far.

From North Asia, the gainers were led by automotive e-commerce platform Cango (CANG), which rose 7% and online game developer The9 (NCTY), which added 5.1%. They were followed by consumer lending firm Qudian (QD) and online education platform 17 Education & Technology Group (YQ), which gained 4.8% and 4.2%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group (DUO) and microfinance lending company Dunxin Financial (DXF), which fell 12% and 5.6%, respectively. They were followed by biotech firm Zai Lab (ZLAB) and polysilicon manufacturer Daqo New Energy (DQ), which were down 4.5% and 4.1%, respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN), which was up 2.2%, followed by IT firm Sify Technologies (SIFY) and financial services company ICICI Bank (IBN), which rose 0.5% and 0.3%, respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 2.2%, followed by IT firm Wipro (WIT) and business process management company WNS (WNS), which were down 1.3% each. Tech conglomerate Sea (SE) was off 0.8%.

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The index is down 0.5% for the week so far. From North Asia, the gainers were led by automotive e-commerce platform Cango (CANG), which rose 7% and online game developer The9 (NCTY), which added 5.1%. They were followed by consumer lending firm Qudian (QD) and online education platform 17 Education & Technology Group (YQ), which gained 4.8% and 4.2%, respectively.The decliners from North Asia were led by property technology company Fangdd Network Group (DUO) and microfinance lending company Dunxin Financial (DXF), which fell 12% and 5.6%, respectively. They were followed by biotech firm Zai Lab (ZLAB) and polysilicon manufacturer Daqo New Energy (DQ), which were down 4.5% and 4.1%, respectively.From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN), which was up 2.2%, followed by IT firm Sify Technologies (SIFY) and financial services company ICICI Bank (IBN), which rose 0.5% and 0.3%, respectively.The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 2.2%, followed by IT firm Wipro (WIT) and business process management company WNS (WNS), which were down 1.3% each. 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