10:33 AM EST, 02/14/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply higher Friday morning, rising 1.11% to 2,236.85 on the S&P Asia 50 ADR Index, which is up 2% for the week.

From North Asia, the gainers were led by video sharing website Bilibili (BILI) and media company 36Kr (KRKR), which climbed 14% and 12%, respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and internet and data center service provider VNET Group (VNET), which advanced 8.7% and 8% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and Phoenix New Media (FENG), which fell 4% and 2.9% respectively. They were followed by wealth management firm Noah (NOAH) and automotive e-commerce platform Cango (CANG), which were down 1.1% and 1% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 1.1% and 0.7% respectively. They were followed by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which were up 0.6% and 0.2% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which dropped 3% and 1.4% respectively. They were followed by IT firms Infosys (INFY) and Sify Technologies (SIFY), which were off 0.3% and 0.2% respectively.

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