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

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Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.60% to 2,850.63 on the S&P Asia 50 ADR Index, which was little changed for the week so far.

From North Asia, the gainers were led by semiconductor company ASE Technology (ASX) and fintech firm High Templar Tech (HTT), which rose 5.8% and 3.1% respectively. They were followed by semiconductor firm Himax Technologies (HIMX) and LG Display (LPL), which were up 2.6% and 2.3% respectively.

The decliners from North Asia were led by UP Fintech (TIGR) and internet and data center services provider VNET Group (VNET), which dropped 25% and 7.4% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and fintech firm Qfin (QFIN), which fell 7.3% and 6.5% respectively.

From South Asia, the gainers were led by digital infrastructure holding firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which rose 9.9% and 3.7% respectively. They were followed by IT firms Wipro (WIT) and Sify Technologies (SIFY), which added 2.3% and 1.7% respectively.

The lone decliner from South Asia was telecommunications operator Telekomunikasi Indonesia (TLK), which fell 3.8%.

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