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

MT Newswires Live12-06

Asian equities traded in the US as American depositary receipts were flat Friday morning, edging 0.03% lower to 2,098.61 on the S&P Asia 50 ADR Index, which is up 1.5% for the week.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and ad agency iClick Interactive Asia Group (ICLK), which climbed 7.7% and 7.6% higher respectively. They were followed by semiconductor company Himax Technologies (HIMX) and computer hardware maker Canaan (CAN), which increased 6.6% and 5.8% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and mobile big data platform Aurora Mobile (JG), which fell 6.4% and 5.7% respectively. They were followed by health care platform 111 (YI) and media company Phoenix New Media (FENG), which dropped 5.3% and 4.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 3.5% and 0.9% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Infosys (INFY), which rose 0.6% and 0.1% respectively.

The decliners from South Asia were led by financial services company ICICI Bank (IBN) and IT firm Wipro (WIT), which lost 2.4% and 1.8% respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1% and 0.3% respectively.

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