Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading
Asian equities traded in the US as American depositary receipts were higher on Friday morning, up 0.6% to 2,936.67 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by financial group KB Financial (KB) and cloud services provider Kingsoft Cloud (KC), which jumped 6.7% and 5.6%, respectively.They were followed by tech giant Alibaba (BABA) and e-commerce company JD.com (JD), which climbed 3.3% and 2.6%, respectively.The decliners from North Asia were led by consumer finance platform LexinFintech (LX) and fintech company Qfin (QFIN), which fell 8.5% and 6.1%, respectively.They were followed by semiconductor companies ASE Technology (ASX) and United Microelectronics (UMC), which dropped 3.1% and 3%, respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which gained 5.4% and 4.5%, respectively.The decliners from South Asia were led by IT service management company Trident Digital Tech (TDTH), which fell past 10%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY), which shed 5.2%.
