Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading; End Week Up 2%

MT Newswires Live
08/07

Asian equities traded in the US as American depositary receipts were tracking higher Friday morning, rising 0.51% to 3,012.88 on the S&P Asia 50 ADR Index, which is up more than 2% for the week so far.

From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and biopharmaceutical company Zai Lab (ZLAB), which surged 27.6% and 11% respectively. They were followed by online game developer Gravity (GRVY) and semiconductor company Himax Technologies (HIMX), which climbed 9.8% and 5.8% respectively.

The decliners from North Asia were led by online game developer The9 (NCTY) and diagnostic imaging centers company Concord Medical Services (CCM), which fell 7.2% and 5.5% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and fintech firm LexinFintech (LX), which lost 4.5% and 1% respectively.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which rose 12.2% and 1.8% respectively. They were followed by IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.6% and 1% respectively.

The lone decliner from South Asia was lender ICICI Bank (IBN), which was down 1.4%.

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