Asian equities traded in the US as American depositary receipts were sharply lower Friday morning, falling 1.74% to 1,885.55 on the S&P Asia 50 ADR Index. At the current level, the index is set to close out the week about 4% lower.
From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and mobile app developer Cheetah Mobile (CMCM), which climbed 6.2% and 6% respectively. They were followed by online education platform 51Talk Online Education Group (COE) and Four Seasons Education (FEDU), which rose 5.4% and 4.4% respectively.
The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and media company Phoenix New Media (FENG), which fell 3.6% and 3.5% respectively. They were followed by financial services company Nomura (NMR) and computer hardware maker Canaan (CAN), which dropped 3.2% and 2.6% respectively.
From South Asia, the gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which was up 0.6%.
The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and financial services company ICICI Bank (IBN), which lost 9.4% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which were off 0.9% and 0.4% respectively.
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