FINWIRES · TerminalLIVE
FINWIRES

Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading; Up 5.6% for Week

-- Asian equities traded in the US as American depositary receipts were up sharply Friday morning, rising 1.03% to 2,779.46 on the S&P Asia 50 ADR Index, which is surging 5.6% for the week so far.

From North Asia, the gainers were led by online game developer The9 (NCTY) and video display maker LG Display (LPL), which climbed 6.4% and 5.3% respectively. They were followed by electric vehicle maker NIO (NIO) and semiconductor company Himax Technologies (HIMX), which advanced 4.9% and 4% respectively.

The decliners from North Asia were led by brand platform Baozun (BZUN) and used car marketplace Uxin (UXIN), which fell 5.4% and 3.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which dropped 2% and 1.9% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which were up 0.8% and 0.6% respectively.

The decliners from South Asia were led by IT companies Wipro (WIT) and Infosys (INFY), which dropped 2.6% and 1.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), which was off 0.3%.

Related Articles

Asia

Tech Mahindra's Consolidated Profit Rises in Fiscal Q4

Tech Mahindra's (NSE:TECHM, BOM:532755) consolidated attributable profit rose to 13.5 billion Indian rupees in the fiscal fourth quarter ended March 31, from 11.7 billion rupees a year ago.The technology company's earnings per share came in 15.24 rupees from 13.15 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also grew to 150.8 billion rupees from 133.8 billion rupees a year ago.The company's board recommended a final dividend of 36 rupees per equity share of the face value of 5 rupees each for the financial year ended March 31.The company's shares were down nearly 2% in recent trade.

$BOM:532755$NSE:TECHM
Asia

Market Chatter: GWM to Launch 10 New Models in European Market Resurgence

Great Wall Motor (SHA:601633, HKG:2333) or GWM plans to return to the European market with the introduction of 10 new models over the next two years, Reuters reported Tuesday, citing GWM International President ​Parker Shi during an interview.Shi told reporters at the company's Baoding technology center said they don't want to be a loser in any market, introducing various vehicle models in 13 European markets in the next 12 months, the report said.The automaker will begin its fresh European run with the launch of Ora 5, which will be available as an electric vehicle, in the first half of the year, according to the report.Competition is becoming tighter as GWN's sales in 2025 dropped to nearly 30%, while Chinese counterparts such as Chery Automobile (HKG:9973) and BYD (HKG:1211, SHE:002594) are looking at expanding their market in Europe, the media outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$HKG:1211$HKG:2333$HKG:9973$SHA:601633$SHE:002594
Research

Research Alert: CFRA Keeps Hold Opinion On Adss Of Nio Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target to USD7.00 from USD6.50, which implies a 2026 P/S of 1.0x (below its five-year mean of 2.7x), on our projected slower two-year revenue CAGR of 29% (vs. its historical five-year CAGR of 40% through 2025). We project NIO's revenue to grow 33%/25% in 2026/2027, assuming the number of car deliveries will increase by 40%/30% in 2026/2027, led by demand for upcoming new models (including the ONVO L80, ES9, and five-seat ES7). We expect non-GAAP net losses to narrow, supported by an improved product mix and enhanced scale efficiencies. Nevertheless, intensifying price competition, policy headwinds, and elevated costs are likely to delay profitability improvement, with breakeven unlikely to materialize before 2028. Improved delivery growth and margin trajectory are encouraging, but insufficient to warrant a more constructive stance until the company demonstrates a clear path to profitability. We revise our non-GAAP LPADS forecast to CNY0.42 (from CNY0.51) for 2026 and set 2027's LPADS at CNY0.09.

$NIO