Asian Equities Traded in the US as American Depositary Receipts Fall in Friday Trading

MT Newswires Live
08/29

Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.2% to 2,483.29 on the S&P Asia 50 ADR Index, which is down about 1.2% for the week.

From North Asia, the gainers were led by e-commerce company Alibaba Group (BABA) and financial services company CNFinance (CNF), which climbed 10% and 8.5% respectively. They were followed by polysilicon manufacturer Daqo New Energy (DQ) and streaming platform operator HUYA (HUYA), which advanced 8.2% and 6% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and online game developer The9 (NCTY), which fell 6.6% and 6.5% respectively. They were followed by fintech firm Pintec Technology (PT) and mobile healthcare platform 111 (YI), which dropped 4% and 3.9% respectively.

From South Asia, the lone gainer was lender ICICI Bank (IBN), which edged 0.02% higher.

The decliners from South Asia were led by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which lost 1.6% and 1.5% respectively. They were followed by telecommunications operator PT Telekomunikasi Indonesia (TLK) and IT company Infosys (INFY), which were down 1.3% and 1.2% respectively.

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