Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.44% to 2,088.48 on the S&P Asia 50 ADR Index. Despite the decline, the index is up 5% for the week.
From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and ecommerce fashion platform MOGU (MOGU), which climbed 12.5% and 2.4% respectively. They were followed by travel company Tuniu (TOUR) and online game developer Gravity (GRVY), which rose 5.5% and 3% respectively.
The decliners from North Asia were led by biotech firm Zai Lab (ZLAB) and technology company Xunlei (XNET), which fell 4.9% and 3.5% respectively. They were followed by online game developer The9 (NCTY) and used car ecommerce platform Uxin (UXIN), which lost 4.8% and 3.6% respectively.
From South Asia, the only gainers were tech conglomerate Sea (SE) and financial services company HDFC Bank (HDB), which were up 2% and 0.4% respectively.
The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which dropped 2.4% and 1.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which were down 1.3% and 1.1% respectively.
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