Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Friday Trading; Rise Nearly 3% for Week
Asian equities traded in the US as American depositary receipts were slightly lower Friday morning, declining 0.21% to 2,381.55 on the S&P Asia 50 ADR Index, which closed out the week nearly 3% higher.From North Asia, the gainers were led by online video site iQIYI and online brokerage UP Fintech , which climbed 10% and 7.9%, respectively. They were followed by computer hardware maker Canaan and game live-streaming service HUYA , which advanced 7.4% and 7%, respectively.The decliners from North Asia were led by biopharmaceutical firm Zai Lab and pet-focused platform Boqii , which fell 3.7% and 3%, respectively. They were followed by education company 17 Education & Technology Group and polysilicon manufacturer Daqo New Energy , which dropped 2.1% and 1%, respectively.From South Asia, the only gainers were tech conglomerate Sea and telecommunications operator Telekomunikas Indonesia , which were up 0.7% and 0.3%, respectively.The decliners from South Asia were led by IT firms Sify