Asian Equities Traded in the US as American Depositary Receipts Down in Friday Trading; Up Over 3% for Week

MT Newswires Live
2024-12-27

Asian equities traded in the US as American depositary receipts were trending lower Friday morning, declining 0.65% to 2,086.59 on the S&P Asia 50 ADR Index.

Despite the loss, the index is still up more than 3% for the week.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and financial services company CNFinance (CNF), which climbed 6.8% and 3.6%, respectively. They were followed by automaker Honda Motor (HMC) and fintech firm Pintec Technology (PT), which rose 2.4% and 2.3%, respectively.

The decliners from North Asia were led by health care platform 111 (YI) and education company Four Seasons Education (FEDU), which dropped 6.9% and 6.4%, respectively. They were followed by fintech company Jiayin Group (JFIN) and pet-focused platform Boqii (BQ), which fell 5.7% and 4.2%, respectively.

From South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 2.8%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which were up 0.8.% and 0.6%, respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which retreated 1.5% and 0.2%, respectively. They were followed by financial services company ICICI Bank (IBN) and telecommunications operator PLDT (PHI), which lost 0.2% each.

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