10:36 AM EST, 01/10/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were down Friday morning, dropping 2.09% to 2,039.73 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and biotech company Zai Lab ( ZLAB ) , which rose 2.8% and 1.7% respectively. They were followed by financial services company Shinhan Financial Group ( SHG ) and automotive ecommerce platform Cango ( CANG ) , which were up 0.4% and 0.2% respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile ( CMCM ) and online brokerage UP Fintech ( TIGR ) , which fell 7.1% and 6.9% respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and health platform 111 (YI), which dropped 6.1% each.

From South Asia, the gainers were led by IT companies Sify Technologies ( SIFY ) and Infosys ( INFY ) , which increased 1.2% and 0.7% respectively. They were followed by IT firm Wipro ( WIT ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 0.6% and 0.1% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which lost 2.4% and 2.3% respectively. They were followed by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which were down 2.2% and 1.7% respectively.