Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading, Marginally Lower for Week

Asian equities traded in the US as American depositary receipts were tracking higher Friday morning, rising 0.6% to 2,841.30 on the S&P Asia 50 ADR Index, which is edging 0.1% lower for the week so far.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and healthcare platform 111 (YI), which climbed 7.8% and 6.8% respectively. They were followed by utilities company Korea Electric Power (KEP) and semiconductor company ASE Technology (ASX), which advanced 4.3% and 3.4% respectively.

The decliners from North Asia were led by media company Phoenix New Media (FENG) and real estate and digital security company Eason Technology (DXF), which fell 5.7% and 4.9% respectively. They were followed by education companies 51Talk Online Education Group (COE) and 17 Education & Technology Group (YQ), which were down 3.1% and 2.8% respectively.

From South Asia, the gainers were led by IT firm Infosys (INFY) and lender ICICI Bank (IBN), which rose 1.3% each. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and computer hardware maker Canaan (CAN), which were up 1% and 0.3% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), which dropped 2.4%.