Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Friday Trading; Lost 1.2% for Week

MT Newswires Live
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Asian equities traded in the US as American depositary receipts were tracking slightly higher Friday morning, edging up 0.33% to 2,877.72 on the S&P Asia 50 ADR Index, which is down 1% for the week.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and polysilicon manufacturer Daqo New Energy (DQ), which climbed 11% and 10% respectively. They were followed by fintech firm Maase (MAAS) and education company Four Seasons Education (FEDU), which advanced 11% and 2% respectively.

The decliners from North Asia were led by utilities company Korea Electric Power (KEP) and game live-streaming service HUYA (HUYA), which dropped 6.3% and 6.1% respectively. They were followed by used car retailer Uxin (UXIN) and fashion platform MOGU (MOGU), which lost 4.6% and 3.4% respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which rose 1.9% and 1.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 2% and 0.8% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were down 0.7% and 0.4% respectively.

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