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

MT Newswires Live11-29

Asian equities traded in the US as American depositary receipts were higher on Friday morning, rising 0.6% to 2,039.94 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware manufacturer Canaan (CAN) and game live streaming platform Huya (HUYA), which advanced 14.8% and 3.8% respectively. They were followed by pharmaceutical company Beigene (BGNE), which added 3.1%.

The decliners from North Asia were led by software company Agora (API) and healthcare platform 111 (YI), which fell 13.7% and 3.9% respectively.

From South Asia, the gainers were led by telecoms company Telkom Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 1.5% and 0.4% respectively.

The decliners from South Asia were led by Indian banks HDFC (HDB) and ICICI (IBN), which fell 1.3% and 1.2% respectively.

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