Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading; Ends Week Flat

Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, declining 0.23% to 2,710.84 on the S&P Asia 50 ADR Index, which was little changed for the week.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and fintech firm LexinFintech (LX), which rose 4.7% and 3.8% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and game-centric live streaming platform DouYu International (DOYU), which advanced 3.2% and 1.2% respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and automotive marketplace Token Cat (TC), which fell 7.9% and 4.8% respectively. They were followed by consumer lender Eason Technology (DXF) and computer hardware maker Canaan (CAN), which were down 4.1% and 3.9% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI) and IT firm Infosys (INFY), which increased 0.4% and 0.3% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were up 0.1% each.

The decliners from South Asia were led by IT company Sify Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 2.1% and 0.7% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.4% and 0.2% respectively.