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Asian Equities Traded in the US as American Depositary Receipts Edge Higher Friday
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Asian Equities Traded in the US as American Depositary Receipts Edge Higher Friday
May 8, 2026 8:04 AM

10:45 AM EDT, 05/08/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were edging higher Friday morning, rising 0.13% to 2,875.05 on the S&P Asia 50 ADR Index, which is up about 2.5% for the week so far.

From North Asia, the gainers were led by semiconductor company Himax Technologies ( HIMX ) and automotive marketplace Token Cat ( TC ) , which surged 19% and 16% respectively. They were followed by online game developer Gravity (GRVY) and fashion platform MOGU ( MOGU ) , which climbed up 6.9% and 6.3% respectively.

The decliners from North Asia were led by biopharmaceutical company Zai Lab ( ZLAB ) , which fell 3.2%. It was followed by casino and resort operator Melco Resorts & Entertainment ( MLCO ) and Concord Medical Services ( CCM ) , which were down 2.4% and 2.1% respectively.

From South Asia, the gainers included IT firm Sify Technologies ( SIFY ) and Telekomunikasi Indonesia (TLK), which rose 2.4% and 0.8% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and lender HDFC Bank ( HDB ) , which fell 4% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank ( IBN ) , which lost 1% and 0.7% respectively.

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