10:52 AM EDT, 10/04/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply higher Friday morning, rising 1.17% to 2,157.49 on the S&P Asia 50 ADR Index. With the rally, the index is poised to end the week up about 1.3%.

From North Asia, the gainers were led by consumer lending firm LexinFintech ( LX ) and solar panel maker JinkoSolar ( JKS ) , which climbed 13% and 10% respectively. Mobile big data platform Aurora Mobile ( JG ) was up 8.7% and online brokerage UP Fintech ( TIGR ) added 7.7%.

The decliners from North Asia were led by fintech firm AMTD Digital ( HKD ) and consumer lending company Qudian ( QD ) , which fell 11% and 4.3%, respectively. They were followed by electric vehicle maker NIO (NIO) and video-sharing platform Bilibili ( BILI ) , which retreated 3.4% and 2.3%, respectively.

From South Asia, the gainers were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which rose 1.5% and 1.2%, respectively. They were followed by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which were up 1.1% and 0.7%, respectively.

The decliners from South Asia were led by IT firm Sify Limited (SIFY), which lost 5.3%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.2% and 0.7%, respectively.