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Asian Equities Traded in the US as American Depositary Receipts Tread Water in Friday Trading
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Asian Equities Traded in the US as American Depositary Receipts Tread Water in Friday Trading
Feb 7, 2025 7:53 AM

10:41 AM EST, 02/07/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were treading water Friday morning, edging 0.01% higher to 2,188.36 on the S&P Asia 50 ADR Index, which is up 3.8% for the week.

From North Asia, the gainers were led by mobile big data platform Aurora Mobile ( JG ) and consumer lending firm Eason Technology ( DXF ) , which surged 14% and 10%, respectively. They were followed by online brokerage UP Fintech ( TIGR ) and e-commerce company Alibaba Group ( BABA ) , which rose 5.5% and 5.2%, respectively.

The decliners from North Asia were led by fintech firms AMTD Digital ( HKD ) and Jiayin Group ( JFIN ) , which dropped 10% and 8.3%, respectively. They were followed by thin-film liquid display maker LG Display ( LPL ) and financial services company Shinhan Financial Group ( SHG ) , which fell 4% and 1.9%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which increased 5.6%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 0.7% and 0.4%, respectively.

The decliners from South Asia were led by IT firm Infosys ( INFY ) and financial services company ICICI Bank ( IBN ) , which lost 2.6% and 2%, respectively. They were followed by financial services company HDFC Bank ( HDB ) and telecommunications operator PLDT ( PHI ) , which were down 1.3% and 1%, respectively.

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