Asian Equities Traded in the US as American Depositary Receipts Fall Again in Friday Trading; Down Nearly 6% for Week
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Asian equities traded in the US faced a challenging week, with the S&P Asia 50 ADR Index declining 1.11% to 2,706.61, marking a nearly 6% drop since Monday. Notable gainers included JD.com and Phoenix New Media, rising 3.9% and 3.5%, respectively. In contrast, Canaan and Concord Medical Services led the decliners, falling 4.3% and 3.2%. From South Asia, Wipro was the only gainer at 0.7%, while Sea and HDFC Bank saw declines of 3.7% and 3%.
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