10:39 AM EDT, 10/18/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending modestly higher Friday morning, rising 0.32% to 2,113.25 on the S&P Asia 50 ADR Index. Despite the gains, the index is still on pace to close out the week about 1% lower.

From North Asia, the gainers were led by used car ecommerce platform Uxin ( UXIN ) and online brokerage UP Fintech ( TIGR ) , which climbed 19% and 8%, respectively. They were followed by video-sharing platform Bilibili ( BILI ) and mobile health care platform 111 (YI), which rose 6% and 5.3%, respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and semiconductor company ASE Technology ( ASX ) , which fell 7.7% and 3.4%, respectively. They were followed by education company Four Seasons Education ( FEDU ) and ecommerce fashion plat form MOGU ( MOGU ) , which dropped 2.4% each.

From South Asia, the gainers were led by IT firms Wipro ( WIT ) and Sify Technologies ( SIFY ) , which rose 4.2% and 3.8%, respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which were up 2% and 0.7%, respectively.

The only decliners from South Asia were IT firm Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.7% and 0.4%, respectively.