10:38 AM EDT, 06/07/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending marginally lower Friday morning, declining 0.12% to 1,950.78 on the S&P Asia 50 ADR Index.

Despite the decline, the index is set to close out the week modestly higher.

From North Asia, the gainers were led by e-commerce fashion platform MOGU ( MOGU ) and online game developer The9 ( NCTY ) , which climbed 13% and 9.5%, respectively. They were followed by online game developer Gravity (GRVY) and online brokerage UP Fintech ( TIGR ) , which rose 3.5% and 2.8%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which fell 14% and 7.2%, respectively. They were followed by consumer lending firm Dunxin Financial ( DXF ) and media company Phoenix New Media ( FENG ) , which dropped 5.4% and 4.1%, respectively.

From South Asia, the gainers were led by IT firms Wipro ( WIT ) and Infosys ( INFY ) , which increased 2.7% and 2.4%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank ( IBN ) , which were up 2% and 0.6%, respectively.

The decliners from South Asia were led by biotech company ASLAN Pharmaceuticals ( ASLN ) , which fell 8.9%, followed by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 5.6% and 0.6%, respectively.