Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading, End Week Over 2% Higher

Asian equities traded in the US as American depositary receipts were trending sharply higher Friday morning, rising 1.06% to 1,903.74 on the S&P Asia 50 ADR Index. With the gain, the index is set to end the week more than 2% higher.

From North Asia, the gainers were led by pet-focused platform Boqii BQ and solar project developer Emeren Group SOL, which rose 6.3% and 5.7%, respectively. They were followed by fintech firm AMTD Digital HKD and used car ecommerce platform Uxin UXIN, which increased 5.6% and 3.4%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group DUO and ad agency iClick Interactive Asia Group ICLK, which fell 6.2% and 4.6%, respectively. They were followed by biotech firm Zai Lab 9688 and financial services company CNFinance CNF, which dropped 3.4% and 3.2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea SE and telecommunications operator Telekomunikasi Indonesia TLKM, which rose 1.7% and 1.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories DRREDDY and IT firm Sify Technologies SIFY, which were up 0.5% and 0.4%, respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ASLN and business process management company WNS WNS, which lost 3% and 1.4%, respectively. They were followed by financial services companies HDFC Bank HDFCBANK and ICICI Bank ICICIBANK, which were down 1.2% and 0.9%, respectively.