10:50 AM EDT, 06/28/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending sharply higher Friday morning, rising 1.07% to 1,969.10 on the S&P Asia 50 ADR Index.

With the gain, the index is poised to close out the week more than 2.2% higher.

From North Asia, the gainers were led by brand platform 36Kr (KRKR), which rose 4.5%, followed by financial services company Mitsubishi UFJ Financial Group ( MUFG ) and online education platform 51Talk Online Education Group ( COE ) , which increased 4.3% and 5% respectively. Online game developer The9 ( NCTY ) was up 3% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and electric vehicle maker NIO (NIO), which fell 2.7% and 2.8% respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and wealth management firm Noah (NOAH), which dropped 2.1% and 1.3% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and telecommunications operator Telekomunikasi Indonesia (TLK), which climbed 4.9% and 1.6% respectively. They were followed by business process management company WNS (WNS) and telecommunications operator PLDT ( PHI ) , which increased 1.6% and 1.5% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and financial services company HDFC Bank ( HDB ) , which lost 3.3% and 1.1% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Infosys ( INFY ) , which were off 0.6% and 0.1% respectively.