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

MT Newswires Live

Yesterday

Asian equities traded in the US as American depositary receipts were higher on Friday morning, up 2.4% to 2,762.97 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by finance and technology company Eason Technology (DXF) and tech giant Baidu (BIDU), which climbed 34% and 12% respectively.

They were followed by travel agency Tuniu (TOUR) and data center operator GDS (GDS), which advanced 11% and nearly 8% respectively.

The decliners from North Asia were led by electric vehicle maker Xpeng (XPEV) and commercial-stage biopharmaceutical company Zai Lab (ZLAB), which fell 1.7% and 1.1% respectively.

They were followed by utility Korea Electric Power (KEP), which declined 1%.

From South Asia, the gainers were led by tech companies Infosys (INFY) and Wipro (WIT), which rose 1.7% and 1.4% respectively.

The decliners from South Asia were led by pharmaceutical company Dr Reddy's Laboratories (RDY), which fell 2.5%.

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