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 lower Friday morning, down 0.84% to 2,823.84 on the S&P Asia 50 ADR Index. At that level, the index was over 3% lower for the week.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and internet and data center services provider VNET Group (VNET), which advanced 7.1% and 2.1% respectively. They were followed by fintech firm Jiayin Group (JFIN), which rose 1.2%.

The decliners from North Asia were led by commercial real estate and digital security firm Eason Technology (DXF) and LexinFintech (LX), which dropped 16% and 2.9% respectively. They were followed by lenders Mitsubishi UFJ Financial Group (MUFG) and Shinhan Financial Group (SHG), which were down 2.3% and 1.7% respectively.

From South Asia, the lone gainer was pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.6%.

The decliners from South Asia were led by IT firm Infosys (INFY) and telecommunications operator PLDT (PHI), which lost 5.8% and 2.5% respectively. They were followed by ICICI Bank (IBN) and HDFC Bank (HDB), which fell 1.5% and 1.3% respectively.