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

MT Newswires Live12-05 23:39

Asian equities traded in the US as American depositary receipts were tracking higher Friday morning, rising 1% to 2,723.19 on the S&P Asia 50 ADR Index, which is up 1.6% for the week so far.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and search engine Baidu (BIDU), which rose 6.8% and 4.6% respectively. They were followed by utilities company Korea Electric Power (KEP) and online brokerage UP Fintech (TIGR), which were up 3.4% and 2.3% respectively.

The decliners from North Asia were led by consumer lender Eason Technology (DXF), which fell 2.7%, followed by pet-focused platform Boqii (BQ) and travel company Tuniu (TOUR), which were down 1.2% and 0.9% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which advanced 1.8% and 0.9% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which increased 0.4% each.

The decliners from South Asia were led by IT firm Infosys (INFY), which dropped 0.6%, followed by IT firm Sify Technologies (SIFY), which was off 0.3%.

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