Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Up 1.2% for Week

MT Newswires Live
Sep 19

Asian equities traded in the US as American depositary receipts tracked lower Friday morning, declining 0.34% to 2,678.74 on the S&P Asia 50 ADR Index, which is up 1.2% for the week.

From North Asia, the gainers were led by used car marketplace Uxin (UXIN) and by solar panel maker JinkoSolar (JKS) , which rose 8.6% and 3.7% respectively. They were followed by online game developer The9 (NCTY) and online brokerage UP Fintech (TIGR), which were up 3.2% and 2.5% respectively.

The decliners from North Asia were led by fashion platform MOGU (MOGU) and internet and data center services provider VNET Group (VNET), which fell 7.6% and 4.3% respectively. They were followed by brand platform 36Kr (KRKR) and pet-focused platform Boqii (BQ), which dropped 4.1% and 2.8% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which increased 1.6% and 1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which advanced 0.6% and 0.3% respectively.

The decliners from South Asia were led by IT companies Infosys (INFY) and Wipro (WIT), which were down 0.6% and 0.5% respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 0.2% each.

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