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

MT Newswires Live07-05

Asian equities traded in the US as American depositary receipts were trading lower Friday morning, declining 0.46% to 2,010.90 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by wealth management firm Noah (NOAH) and financial services company CNFinance (CNF), which rose 4.3% and 3.6%, respectively. Ad agency iClick Interactive Asia Group (ICLK) and thin-film liquid display maker LG Display (LPL) gained 3.2% each.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM), which fell 10% and electric vehicle maker Nio (NIO), which declined 8.5%. They were followed by online education platform 17 Education & Technology Group (YQ) and game live-streaming platform HUYA (HUYA), which dropped 7.8% and 5.8%, respectively.

From South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 1.8%, followed by financial services company ICICI Bank (IBN) and IT firm Infosys (INFY), which were up 0.8% and 0.2%, respectively.

The decliners from South Asia were led by financial services company HDFC Bank (HDB), which lost 7.8% and IT firm Sify Technologies (SIFY), which retreated 2.5%. Business process management company WNS (WNS) and biotech firm ASLAN Pharmaceuticals (ASLN) were both down 1.3%.

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