10:55 AM EST, 11/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts continued their downward trajectory Friday morning, declining 0.62% to 2,015.62 on the S&P Asia 50 ADR Index, which is down more than 3% for the week.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and biotech firm Zai Lab ( ZLAB ) , which rose 5.8% and 5.2%, respectively. They were followed by healthcare platform 111 (YI) and automotive ecommerce marketplace TuanChe ( TC ) , which were up 4.5% and 4.4%, respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and solar project developer Emeren Group ( SOL ) , which fell 8.8% and 7.7%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM) and mobile big data platform Aurora Mobile ( JG ) , which lost 6.9% and 6%, respectively.

From South Asia, the gainers were led by telecommunications operator PLDT ( PHI ) , which rose 3.5%, followed by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia Tbk (TLK), which increased 1.1% and 0.3%, respectively.

The decliners from South Asia were led tech conglomerate Sea (SE), which dropped 1.7%, followed by IT firm Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.2% and 1%, respectively.