10:35 AM EDT, 05/16/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were slightly lower Friday morning, declining 0.26% to 2,246.05 on the S&P Asia 50 ADR Index, which is up 0.36% for the week.

From North Asia, the gainers were led by video-sharing platform Bilibili ( BILI ) and online discount retailer Vipshop ( VIPS ) , which climbed 8% and 6.1%, respectively. They were followed by computer hardware maker Canaan (CAN) and consumer lending firm Qudian ( QD ) , which were up 5% and 3.9%, respectively.

The decliners from North Asia were led by automotive marketplace Token Cat ( TC ) and pet-focused platform Boqii ( BQ ) , which dropped 19% and 4.1%, respectively. They were followed by financial services company CNFinance ( CNF ) and online fashion marketplace MOGU ( MOGU ) , which lost 5% and 2.7%, respectively.

From South Asia, the lone gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.3%.

The decliners from South Asia were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which fell 2.9% and 1.7%, respectively. They were followed by telecommunications operator PLDT ( PHI ) and financial services company HDFC Bank ( HDB ) , which were down 1.2% and 1.1%, respectively.