10:45 AM EDT, 08/01/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower Friday morning, declining 1.23% to 2,352.61 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company ASE Technology ( ASX ) and education company 17 Education & Technology Group ( YQ ) , which rose 4.4% and 3.7%, respectively. They were followed by casino and resort operator Melco Resorts & Entertainment ( MLCO ) and pharmaceutical company Takeda Pharmaceutical ( TAK ) , which increased 3.3% and 3.1% respectively.

The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and financial services company Eason Technology ( DXF ) , which shed 11% and 9.6%, respectively. They were followed by computer hardware maker Canaan (CAN) and online brokerage UP Fintech ( TIGR ) , which lost 6.5% and 5.5%, respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank ( HDB ) , which were up 1.7% and 0.3%, respectively.

The decliners from South Asia were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and IT firm Wipro ( WIT ) , which fell 2.2% and 2%, respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which were down 1.9% and 1.3% respectively.