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

MT Newswires Live10-11

Asian equities traded in the US as American depositary receipts were rising Friday morning, up 1.04% to 2,140.66 on the S&P Asia 50 ADR Index. Despite the gain, the index is down about 1.5% for the week.

From North Asia, the gainers were led by travel company Tuniu (TOUR) and financial services company Sumitomo Mitsui Financial Group (SMFG), which rose 4.4% and 3.5% respectively. They were followed by ad agency iClick Interactive Asia Group (ICLK), which was up 3.4%.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and used car ecommerce platform Uxin (UXIN), which fell 8.8% and 5.2% respectively. They were followed by financial services company CNFinance (CNF) and healthcare platform 111 (YI), which dropped 3.2% and 3.1% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which advanced 11% and 2.8% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.5% and 1.4% respectively.

The decliners from South Asia were led by financial services company ICICI Bank (IBN) and telecommunications operator PLDT (PHI), which were down 1.3% and 0.7% respectively.

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