Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading; Down for Week

MT Newswires Live09-25 22:41

Asian equities traded in the US as American depositary receipts were trending higher in Friday trading, rising 0.70% to 2,989.20 on the S&P Asia 50 ADR Index, which is down close to 1% for the week so far.

From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and lender Mitsubishi UFJ Financial Group (MUFG), which rose 7.7% and 3.7% respectively. They were followed by fintech firm J and Friends (JF) and lender Nomura (NMR), which advanced 3.1% and 2.4% respectively.

The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and commercial real estate and digital security firm Eason Technology (DXF), which fell 5.1% and 5% respectively. They were followed by online game developer The9 (NCTY) and fintech company Qfin (QFIN), which were down 3.9% and 1% respectively.

From South Asia, the gainers were led by lender HDFC Bank (HDB) and IT firm Wipro (WIT), which increased 0.7% and 0.3% respectively. They were followed by IT firm Sify Technologies (SIFY), which was up 0.1%.

The decliners from South Asia were led by computer hardware maker Canaan (CAN) and telecommunications operator PLDT (PHI), which dropped 2% and 1.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which lost 1% and 0.3% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment