10:52 AM EDT, 09/06/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower Friday morning, falling 1.74% to 1,885.55 on the S&P Asia 50 ADR Index. At the current level, the index is set to close out the week about 4% lower.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and mobile app developer Cheetah Mobile ( CMCM ) , which climbed 6.2% and 6% respectively. They were followed by online education platform 51Talk Online Education Group ( COE ) and Four Seasons Education ( FEDU ) , which rose 5.4% and 4.4% respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile ( JG ) and media company Phoenix New Media ( FENG ) , which fell 3.6% and 3.5% respectively. They were followed by financial services company Nomura (NMR) and computer hardware maker Canaan (CAN), which dropped 3.2% and 2.6% respectively.

From South Asia, the gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which was up 0.6%.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and financial services company ICICI Bank ( IBN ) , which lost 9.4% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro ( WIT ) , which were off 0.9% and 0.4% respectively.