10:50 AM EDT, 07/12/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply higher Friday morning, rising 1.2% to 2,061.9 on the S&P Asia 50 ADR Index. With the gain, the index is poised to close the week 2% higher.

From North Asia, the gainers were led by pharmaceutical company BeiGene ( BGNE ) and biotech firm Zai Lab ( ZLAB ) , which climbed 5.3% each. They were followed by consumer lending firm Dunxin Financial ( DXF ) and semiconductor company Silicon Motion Technology ( SIMO ) , which increased 3% and 2.8% respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and semiconductor manufacturing company ASE Technology ( ASX ) , which fell 8.9% and 4% respectively. They were followed by brand platform 36Kr (KRKR) and property technology company Fangdd Network Group ( DUO ) , which dropped 1.5% and 0.3% respectively.

From South Asia, the gainers were led by biotech firm Aslan Pharmaceuticals ( ASLN ) and IT firm Wipro ( WIT ) , which rose 5.7% and 3% respectively. They were followed by IT firm Infosys ( INFY ) and business process management company WNS (WNS), which were up 2.5% and 2.3% respectively.

The lone decliner from South Asia was financial services company ICICI Bank ( IBN ) , which was off 0.6%.