Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Friday Trading; Rise Nearly 3% for Week

MT Newswires Live
2025/07/18

Asian equities traded in the US as American depositary receipts were slightly lower Friday morning, declining 0.21% to 2,381.55 on the S&P Asia 50 ADR Index, which closed out the week nearly 3% higher.

From North Asia, the gainers were led by online video site iQIYI (IQ) and online brokerage UP Fintech (TIGR), which climbed 10% and 7.9%, respectively. They were followed by computer hardware maker Canaan (CAN) and game live-streaming service HUYA (HUYA), which advanced 7.4% and 7%, respectively.

The decliners from North Asia were led by biopharmaceutical firm Zai Lab (ZLAB) and pet-focused platform Boqii (BQ), which fell 3.7% and 3%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and polysilicon manufacturer Daqo New Energy (DQ), which dropped 2.1% and 1%, respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and telecommunications operator Telekomunikas Indonesia (TLK), which were up 0.7% and 0.3%, respectively.

The decliners from South Asia were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which lost 5% and 1.5% respectively. They were followed by financial services company HDFC Bank (HDB) and IT company Infosys (INFY), which were down 1.3% and 0.7% respectively.

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