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

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Asian equities traded in the US as American depositary receipts were falling on Friday morning, down 1.8% to 2,865.59 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by tech company Youdao (DAO) and used car retailer Uxin (UXIN), which advanced 4.5% and 3.4% respectively. They were followed by pharmaceutical company Takeda (TAK), which climbed 2.9%.

The decliners from North Asia were led by semiconductor company United Microelectronics (UMC) and electric vehicle maker Xpeng (XPEV), which fell 5.5% and 5.1% respectively.

They were followed by Mizuho Financial (MFG) and semiconductor company ASE Technology (ASX), which dropped 4.1% and 3% respectively.

From South Asia, the gainers were led by telecoms Telkom Indonesia (TLK) and PLDT (PHI), which rose 2.9% and 1.6% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE), which fell 4%, followed by technology company Sify Technologies (SIFY), which was down 2.2%.

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