10:53 AM EDT, 05/03/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending sharply higher Friday morning, rising 1.06% to 1,903.74 on the S&P Asia 50 ADR Index. With the gain, the index is set to end the week more than 2% higher.

From North Asia, the gainers were led by pet-focused platform Boqii ( BQ ) and solar project developer Emeren Group ( SOL ) , which rose 6.3% and 5.7%, respectively. They were followed by fintech firm AMTD Digital ( HKD ) and used car ecommerce platform Uxin ( UXIN ) , which increased 5.6% and 3.4%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and ad agency iClick Interactive Asia Group ( ICLK ) , which fell 6.2% and 4.6%, respectively. They were followed by biotech firm Zai Lab ( ZLAB ) and financial services company CNFinance ( CNF ) , which dropped 3.4% and 3.2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.7% and 1.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies ( SIFY ) , which were up 0.5% and 0.4%, respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and business process management company WNS (WNS), which lost 3% and 1.4%, respectively. They were followed by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which were down 1.2% and 0.9%, respectively.