10:30 AM EDT, 08/22/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging higher Friday morning, rising nearly 2% to 2,503.28 on the S&P Asia 50 ADR Index, which is up 0.45% for the week.

From North Asia, the gainers were led by electric vehicle maker NIO (NIO) and online brokerage UP Fintech ( TIGR ) , which climbed 9% and 6.3%, respectively. They were followed by computer hardware maker Canaan (CAN) and mobile app developer Cheetah Mobile ( CMCM ) , which advanced 6.1% and 4.6%, respectively.

The decliners from North Asia were led by financial services company CNFinance ( CNF ) and fintech firm Maase ( MAAS ) , which fell 3.9% and 2.7%, respectively. They were followed by tech company Xunlei (XNET) and game live-streaming service DouYu International ( DOYU ) , which dropped 1.8% and 1.2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT ( PHI ) , which rose 1.3% and 1.1%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which were up 0.9% each.

The only decliners from South Asia were financial services companies ICICI Bank ( IBN ) and HDFC Bank ( HDB ) , which were down 0.7% and 0.5%, respectively.