Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Down Over 3% for Week

MT Newswires Live11-15 23:55

Asian equities traded in the US as American depositary receipts continued their downward trajectory Friday morning, declining 0.62% to 2,015.62 on the S&P Asia 50 ADR Index, which is down more than 3% for the week.

From North Asia, the gainers were led by media company Phoenix New Media (FENG) and biotech firm Zai Lab (ZLAB), which rose 5.8% and 5.2%, respectively. They were followed by healthcare platform 111 (YI) and automotive ecommerce marketplace TuanChe (TC), which were up 4.5% and 4.4%, respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and solar project developer Emeren Group (SOL), which fell 8.8% and 7.7%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and mobile big data platform Aurora Mobile (JG), which lost 6.9% and 6%, respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI), which rose 3.5%, followed by IT firm Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia Tbk (TLK), which increased 1.1% and 0.3%, respectively.

The decliners from South Asia were led tech conglomerate Sea (SE), which dropped 1.7%, followed by IT firm Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.2% and 1%, respectively.

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