Asian equities traded in the US as American depositary receipts were moving lower Friday morning, falling 1.57% to 2,096.46 on the S&P Asia 50 ADR Index. Despite the decline, the index is still up about 1.3% for the week.
From North Asia, the gainers were led by automotive ecommerce platform Cango (CANG) and financial services company CNFinance (CNF), which climbed 18% and 9.1%, respectively. They were followed by media company Phoenix New Media (FENG) and diagnostic imaging centers company Concord Medical Services (CCM), which were up 4.6% and 3.2%. respectively.
The decliners from North Asia were led by consumer lending firm LexinFintech (LX) and online brokerage UP Fintech (TIGR), which fell 9.6% and 9.3%, respectively. They were followed by internet and data services provider VNET Group (VNET) and polysilicon manufacture Daqo New Energy (DQ), which dropped 8.3% and 6.7%, respectively.
From South Asia, the only gainers were IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.1% and 0.1%. respectively.
The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which were down 1.2% and 0.5%, respectively. They were followed by IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 2.5% and 1.1%.
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