10:48 AM EDT, 11/01/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were rising sharply Friday morning, climbing 1.22% to 2,076.32 on the S&P Asia 50 ADR Index, but were still down 1% for the week.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and ecommerce fashion platform MOGU ( MOGU ) , which advanced 12% and 5%, respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and financial services company Shinhan Financial Group ( SHG ) , which rose 4.7% each.

The decliners from North Asia were led by mobile big data platform Aurora Mobile ( JG ) and automotive ecommerce platform TuanChe ( TC ) , which fell 8.8% and 5.2%, respectively. They were followed by education company Four Seasons Education ( FEDU ) and online entertainment platform iQIYI (IQ), which dropped 4.2% and 3.1%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT ( PHI ) , which increased 2.4% and 1.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which were up 0.9% and 0.4%, respectively.

The only decliners from South Asia were IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.9% and 0.4%, respectively.