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

Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, declining 0.48% to 2,877.67 on the S&P Asia 50 ADR Index, which is down marginally for the week so far.

From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and brand platform 36Kr (KRKR), which climbed 6.8% and 6.7% respectively. They were followed by automotive marketplace Token Cat (TC) and pharmaceutical company Takeda Pharmaceutical (TAK), which advanced 6.1% and 2.6% respectively.

The decliners from North Asia were led by video display maker LG Display (LPL) and semiconductor company ASE Technology (ASX), which fell 4.6% and 4% respectively. They were followed by fintech firm High Templar Tech (HTT) and semiconductor company Silicon Motion Technology (SIMO), which were down 3.4% and 2.7% respectively.

From South Asia, the gainers were led by IT companies Infosys (INFY) and Wipro (WIT), which increased 2.8% and 2% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which rose 1.4% and 0.3% respectively.

The decliners from South Asia were led by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which dropped 2.8% and 1.4% respectively. They were followed by IT firm Sify Technologies (SIFY), which was off 0.4%.