DR Market News Briefs

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


Last updated: 09/22/2023 10:42:50

10:42 AM EDT, 09/22/2023 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rallied Friday morning as they climbed 1.74% to 1,626.72 on the S&P Asia 50 ADR Index. Despite the strong performance, the index is still set to close out the week more than 1% lower.

From North Asia, the gainers were led by online luxury retailer Secoo (SECO) and educational services provider 17 Education & Technology Group (YQ), which climbed 9.9% each. They were followed by online brokerage UP Fintech (TIGR) and video-sharing service Bilibili (BILI), which advanced by 9.4% and 6.6% respectively.

The decliners from North Asia were led by educational services provider educational services provider Tarena International (TEDU) and consumer lending firm Dunxin Financial (DXF), which shed 21% and 4.7% respectively. They were followed by educational services provider 51Talk Online Education Group (COE) and property technology company Fangdd Network Group (DUO), which lost 2.2% and 1.4% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals (ASLN) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 3.5% and 2.2% respectively. They were followed by tech conglomerate Sea (SE) and financial services company ICICI Bank (IBN), which were up 1.6% and 1.1.% respectively.

The decliners from South Asia were led by IT firm Wipro (WIT), which dropped 1.4%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies (SIFY), which were down 1.3% and 0.6% respectively.

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