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Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Friday Trading

MT Newswires Live10-30

Asian equities traded in the US as American depositary receipts were sharply lower Friday morning, down 1.84% to 2,824.99 on the S&P Asia 50 ADR Index, which is off 0.39% for the week so far.

From North Asia, the gainers were led by education company 51Talk Online Education Group (COE), which climbed 7.6%. It was followed by pharmaceutical company Takeda Pharmaceutical (TAK) and mobile big data platform Aurora Mobile (JG), which advanced 4.5% and 3.9%, respectively.

The decliners from North Asia were led by semiconductor company ASE Technology (ASX) and automotive marketplace Token Cat (TC), which tumbled 10% and 7.2%, respectively. They were followed by commercial real estate and digital security company Eason Technology (DXF) and semiconductor company Himax Technologies (HIMX), which shed 6.2% each.

From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which rose 2.7% and 2.1%, respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which were up 1.8% and 1.3%, respectively.

The decliners from South Asia were led by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which fell 12% and 2.6%, respectively. They were followed by IT firm Sify Technologies (SIFY), which lost 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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