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

MT Newswires Live08-14 22:47

Asian equities traded in the US as American depositary receipts were tracking modestly higher Friday morning, rising 0.32% to 3,016.75 on the S&P Asia 50 ADR Index, which is up 0.09% for the week so far.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and video display maker LG Display (LPL), which climbed 10% and 6.2% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and diagnostic imaging centers company Concord Medical Services (CCM), which advanced 5.1% and 3.7% respectively.

The decliners from North Asia were led by fintech firm LexinFintech (LX), which fell 3.5%. It was followed by media company Phoenix New Media (FENG) and online game developer The9 (NCTY), which were down 2% and 0.2% respectively.

From South Asia, the gainers were led by lender HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 0.8% and 0.7% respectively. They were followed by lender ICICI Bank (IBN), which was up 0.6%.

The decliners from South Asia were led by IT firm Infosys (INFY) and computer hardware maker Canaan (CAN), which dropped 1.8% and 1.5% respectively. They were followed by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.1% each.

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