Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.22% to 2,134.88 on the S&P Asia 50 ADR Index. Despite the decline, the index is up about 7% for the week.
From North Asia, the gainers were led by property technology company Fangdd Network Group (DUO) and video-streaming service iQIYI (IQ), which advanced 29% and 16% respectively. They were followed by used car ecommerce platform Uxin (UXIN) and electric vehicle maker NIO (NIO), which climbed 15% and 13% higher respectively.
The decliners from North Asia were led by financial services company Sumitomo Mitsui Financial Group (SMFG) and automaker Honda Motor (HMC), which fell 4.5% and 2.5% respectively. They were followed by semiconductor company ASE Technology (ASX) and financial services company Shinhan Financial Group (SHG), which fell 1.8% and 1.5% respectively.
From South Asia, pharmaceutical company Dr. Reddy's Laboratories (RDY) was up 0.3%.
The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 2%, followed by financial services company ICICI Bank (IBN) and IT firm Sify Technologies (SIFY), which fell 1.7% each. IT firm Infosys (INFY) was down 1.6%.
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