10:40 AM EDT, 05/02/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging higher Friday morning, up 2.16% to 2,177.93 on the S&P Asia 50 ADR Index, which has risen 3.6% for the week.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and internet and data center services provider VNET Group ( VNET ) , which advanced 11% and 7.6%, respectively. They were followed by semiconductor company Silicon Motion Technology ( SIMO ) and online brokerage UP Fintech ( TIGR ) , which rose 5.7% and 5.3%, respectively.

The decliners from North Asia were led by ecommerce fashion platform MOGU ( MOGU ) and financial services company CNFinance ( CNF ) , which fell 7.4% and 4.8%, respectively. They were followed by education company 17 Education & Technology Group ( YQ ) and financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which were down 4% and 1.3%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which increased 5% and 3.5%, respectively. They were followed by IT firm Infosys ( INFY ) and financial services company ICICI Bank ( IBN ) , which were up 2.1% and 2%, respectively.

There were no decliners from South Asia.