Asian Equities Traded in the US as American Depositary Receipts Edge Higher Friday

MT Newswires Live
Yesterday

Asian equities traded in the US as American depositary receipts were edging higher Friday morning, rising 0.13% to 2,875.05 on the S&P Asia 50 ADR Index, which is up about 2.5% for the week so far.

From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and automotive marketplace Token Cat (TC), which surged 19% and 16% respectively. They were followed by online game developer Gravity (GRVY) and fashion platform MOGU (MOGU), which climbed up 6.9% and 6.3% respectively.

The decliners from North Asia were led by biopharmaceutical company Zai Lab (ZLAB), which fell 3.2%. It was followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and Concord Medical Services (CCM), which were down 2.4% and 2.1% respectively.

From South Asia, the gainers included IT firm Sify Technologies (SIFY) and Telekomunikasi Indonesia (TLK), which rose 2.4% and 0.8% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which fell 4% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which lost 1% and 0.7% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10