10:38 AM EDT, 04/26/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending higher Friday morning, rising 0.6% to 1,850.73 on the S&P Asia 50 ADR Index, which is poised to end the week around 3.5% higher.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and educational company Four Seasons Education (FEDU), which climbed 25% and 8.9%, respectively. They were followed by financial services company Shinhan Financial Group (SHG) and electric vehicle maker NIO (NIO), which rose 7.8% and 7.5%, respectively.

The decliners from North Asia were led by ad agency iClick Interactive Asia Group (ICLK), which plunged 55%, followed by ecommerce fashion platform MOGU (MOGU), which fell 9.3%. Online educational platform 17 Education & Technology Group (YQ) and media company Phoenix New Media (FENG) dropped 8.3% and 2.3% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 1.3% and 0.8%, respectively. They were followed by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which were up 0.7% and 0.4%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies (SIFY) and biotech company ASLAN Pharmaceuticals (ASLN), which lost 2.4% and 1.8%, respectively. They were followed by business process management company WNS (WNS) and IT firm Infosys (INFY), which were off 0.5% and 0.3%, respectively.

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