Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading, Up 2.2% for Week

MT Newswires Live2025-02-21

Asian equities traded in the US as American depositary receipts were sharply higher Friday morning, rising 1.3% to 2,286.99 on the S&P Asia 50 ADR Index, which is up 2.2% for the week.

From North Asia, the gainers were led by game live-streaming service DouYu International (DOYU) and biotech firm Zai Lab (ZLAB), which climbed 13% and 11% respectively. They were followed by video-sharing site Bilibili (BILI) and online brokerage UP Fintech (TIGR), which advanced 9.8% and 9.5% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and media company 36Kr (KRKR), which fell 13% and 5% respectively. They were followed by tech company Xunlei (XNET) and media company Phoenix New Media (FENG), which dropped 4.4% and 3.9% respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which were up 0.4% and 0.2% respectively.

The decliners from South Asia were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which lost 4.5% and 3.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.2% each.

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