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

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

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

, MT Newswires - 10:48 AM ET 4/4/2025 Technology

10:48 AM EDT, 04/04/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were cratering Friday morning, tumbling 7.9% to 1,897.4 on the S&P Asia 50 ADR Index, which is down nearly 10% for the week.

From North Asia, the sole gainer was fintech firm Pintec Technology ( PT ) , which was up 2%.

The decliners from North Asia were led by consumer finance platform LexinFintech ( LX ) and online brokerage UP Fintech ( TIGR ) , which shed 19.4% and 16.1% respectively. They were followed by fintech company Jiayin Group ( JFIN ) and tech company Xunlei ( XNET ) , which dropped 15% and 14% respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which fell 10% and 8.9% respectively. They were followed by IT firm Wipro ( WIT ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 5.5% and 4.9% respectively.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.