Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower

MT Newswires Live12-13

Asian equities traded in the US as American depositary receipts were slightly higher Friday morning, edging up 0.11% to 2,096.98 on the S&P Asia 50 ADR Index, which is down 1.8% for the week.

From North Asia, the gainers were led by online brokerage UP Fintech (TIGR) and computer hardware maker Canaan (CAN), which rose 6.7% and 2.7% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and healthcare platform 111, (YI), which were up 3.8% and 2.6% respectively.

The decliners from North Asia were led by semiconductor company Himax Technologies (HIMX) and diagnostic imaging centers company Concord Medical Services (CCM), which shed 12% and 8.8% respectively. They were followed by used car ecommerce platform Uxin (UXIN) and music streaming service Tencent Music Entertainment Group (TME), which dropped 5.9% and 2.5% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which increased 1.3% and 1.2% respectively. They were followed by financial services company ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1% and 0.9% respectively.

The only decliners from South Asia were telecommunications operator Telekomunikasi Indonesia (TLK) and technology conglomerate Sea (SE), which were down 2% and 1.6% respectively.

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