10:38 AM EDT, 03/21/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.35% to 2,240.24 on the S&P Asia 50 ADR Index, which is up 0.9% for the week.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and media company Phoenix New Media (FENG), which rose 6.9% and 4.8% respectively. They were followed by financial services companies Mitsubishi UFJ Financial Group ( MUFG ) and Sumitomo Mitsui Financial Group ( SMFG ) , which were up 2.3% and 1.9% respectively.

The decliners from North Asia were led by biotech company Zai Lab ( ZLAB ) and electric vehicle maker NIO (NIO), which fell 5.9% and 5.7% respectively. They were followed by video-sharing site iQIYI (IQ) and solar project developer Emeren Group ( SOL ) , which lost 5.3% and 1.8% respectively.

From South Asia, the gainers were led by lender ICICI Bank ( IBN ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 2.1% and 1.8% respectively. They were followed by IT companies Infosys ( INFY ) and Wipro ( WIT ) , which were up 0.9% and 0.8% respectively.

The decliners from South Asia were led by IT company Sify Technologies ( SIFY ) and telecommunications operator PLDT ( PHI ) , which decreased 2.7% and 1.7% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were down 1.5% and 0.2% respectively.