10:41 AM EST, 11/08/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Friday morning, falling 1.57% to 2,096.46 on the S&P Asia 50 ADR Index. Despite the decline, the index is still up about 1.3% for the week.

From North Asia, the gainers were led by automotive ecommerce platform Cango ( CANG ) and financial services company CNFinance ( CNF ) , which climbed 18% and 9.1%, respectively. They were followed by media company Phoenix New Media ( FENG ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which were up 4.6% and 3.2%. respectively.

The decliners from North Asia were led by consumer lending firm LexinFintech ( LX ) and online brokerage UP Fintech ( TIGR ) , which fell 9.6% and 9.3%, respectively. They were followed by internet and data services provider VNET Group ( VNET ) and polysilicon manufacture Daqo New Energy ( DQ ) , which dropped 8.3% and 6.7%, respectively.

From South Asia, the only gainers were IT firm Infosys ( INFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.1% and 0.1%. respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator PLDT ( PHI ) , which were down 1.2% and 0.5%, respectively. They were followed by IT firms Sify Technologies ( SIFY ) and Infosys ( INFY ) , which lost 2.5% and 1.1%.