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

MT Newswires Live
01-31

Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, losing 0.52% to 2,179.01 on the S&P Asia 50 ADR Index. Despite the decline, the index is poised to end the week more than 4% higher.

From North Asia, the gainers were led by consumer lending company Eason Technology (DXF), which jumped 59%, followed by pet-focused platform Boqii (BQ) and mobile big data platform Aurora Mobile (JG), which rose 7.4% and 7.1% respectively. They were followed by automotive ecommerce platform TuanChe (TC), which was up 4.1%.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and internet and data center services provider VNET Group (VNET), which fell 17% and 5.9% respectively. They were followed by consumer finance platform LexinFintech (LX) and streaming video service iQIYI (IQ), which dropped 5.4% each.

From South Asia, the gainers were led by IT companies Sify Technologies (SIFY) and Infosys (INFY), which increased 2.6% and 1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which rose 0.7% and 0.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE), which was down 0.6%, followed by financial services company ICICI Bank (IBN) and IT company Wipro (WIT), which were off 0.3% and 0.1% respectively.

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