Asian Equities Traded in the US as American Depositary Receipts Climb Higher Friday

MT Newswires Live11-01

Asian equities traded in the US as American depositary receipts were rising sharply Friday morning, climbing 1.22% to 2,076.32 on the S&P Asia 50 ADR Index, but were still down 1% for the week.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and ecommerce fashion platform MOGU (MOGU), which advanced 12% and 5%, respectively. They were followed by solar panel maker JinkoSolar (JKS) and financial services company Shinhan Financial Group (SHG), which rose 4.7% each.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and automotive ecommerce platform TuanChe (TC), which fell 8.8% and 5.2%, respectively. They were followed by education company Four Seasons Education (FEDU) and online entertainment platform iQIYI (IQ), which dropped 4.2% and 3.1%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which increased 2.4% and 1.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which were up 0.9% and 0.4%, respectively.

The only decliners from South Asia were IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.9% and 0.4%, respectively.

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