Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading; Ends Week Sharply Higher

MT Newswires Live09-13

Asian equities traded in the US as American depositary receipts were treading water Friday morning, nudging 0.2% higher to 1,935.01 on the S&P Asia 50 ADR Index, which is set to close out the week around 2.7% higher.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and automotive ecommerce platform Cango (CANG), which climbed 6.4% and 5.8% respectively. They were followed by financial services companies Dunxin Financial (DXF) and Shinhan Financial Group (SHG), which rose 5.2% and 4.4% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile (CMCM) and game-centric live streaming platform DouYu International (DOYU), which fell 5.2% and 3.9% respectively. They were followed by video-sharing platform Bilibili (BILI) and property technology company Fangdd Network Group (DUO), which dropped 4% and 3.4% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which increased 5% and 3.5% respectively. They were followed by business process management company WNS (WNS) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.6% and 1% respectively.

The only decliners from South Asia were telecommunications operator PLDT (PHI) and financial services company ICICI Bank (IBN), which were off 0.3% and 0.1% respectively.

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