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

MT Newswires Live02-07 23:41

Asian equities traded in the US as American depositary receipts were treading water Friday morning, edging 0.01% higher to 2,188.36 on the S&P Asia 50 ADR Index, which is up 3.8% for the week.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile (JG) and consumer lending firm Eason Technology (DXF), which surged 14% and 10%, respectively. They were followed by online brokerage UP Fintech (TIGR) and e-commerce company Alibaba Group (BABA), which rose 5.5% and 5.2%, respectively.

The decliners from North Asia were led by fintech firms AMTD Digital (HKD) and Jiayin Group (JFIN), which dropped 10% and 8.3%, respectively. They were followed by thin-film liquid display maker LG Display (LPL) and financial services company Shinhan Financial Group (SHG), which fell 4% and 1.9%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which increased 5.6%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 0.7% and 0.4%, respectively.

The decliners from South Asia were led by IT firm Infosys (INFY) and financial services company ICICI Bank (IBN), which lost 2.6% and 2%, respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which were down 1.3% and 1%, respectively.

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