10:49 AM EDT, 09/27/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.22% to 2,134.88 on the S&P Asia 50 ADR Index. Despite the decline, the index is up about 7% for the week.

From North Asia, the gainers were led by property technology company Fangdd Network Group ( DUO ) and video-streaming service iQIYI (IQ), which advanced 29% and 16% respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and electric vehicle maker NIO (NIO), which climbed 15% and 13% higher respectively.

The decliners from North Asia were led by financial services company Sumitomo Mitsui Financial Group ( SMFG ) and automaker Honda Motor ( HMC ) , which fell 4.5% and 2.5% respectively. They were followed by semiconductor company ASE Technology ( ASX ) and financial services company Shinhan Financial Group ( SHG ) , which fell 1.8% and 1.5% respectively.

From South Asia, pharmaceutical company Dr. Reddy's Laboratories (RDY) was up 0.3%.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 2%, followed by financial services company ICICI Bank ( IBN ) and IT firm Sify Technologies ( SIFY ) , which fell 1.7% each. IT firm Infosys ( INFY ) was down 1.6%.