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

MT Newswires Live
Nov 21

Asian equities traded in the US as American depositary receipts were little changed Friday morning, edging 0.03% lower to 2,569.15 on the S&P Asia 50 ADR Index, which has tumbled 3.5% so far this week.

From North Asia, the gainers were led by automotive company Honda Motor (HMC) and music streaming service Tencent Music Entertainment Group (TME), which rose 3.4% and 3.2%, respectively. They were followed by consumer lender LexinFintech (LX) and semiconductor company Silicon Motion Technology (SIMO), which were up 2.9% and 2.7%, respectively.

The decliners from North Asia were led by pet-focused platform Boqii (BQ) and mobile big data platform Aurora Mobile (JG), which fell 4.2% and 3.3%, respectively. They were followed by fintech firm Qfin (QFIN) and brand platform 36Kr (KRKR), which were down 3% and 2.4%, respectively.

From South Asia, the gainers were led by IT company Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which increased 1.9% and 0.6%, respectively. They were followed by IT firm Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which advanced 0.3% and 0.1%, respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which dropped 1.2% and 1.1%, respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which lost 1% and 0.8%, respectively.

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