10:41 AM EST, 02/28/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Friday morning, declining 1.07% to 2,181.22 on the S&P Asia 50 ADR Index, which is down 2.4% for the week.

From North Asia, the gainers were led by consumer lending firm Eason Technology (DXF) and ad agency 36Kr (KRKR), which climbed 14% and 6.1% respectively. They were followed by computer hardware maker Canaan (CAN) and education company 17 Education & Technology Group ( YQ ) , which advanced 5.9% and 3.4% respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile ( JG ) and utilities company Korea Electric Power ( KEP ) , which fell 10% and 8.1% respectively. They were followed by internet and data center services provider VNET Group ( VNET ) and ad agency iClick Interactive Asia Group ( ICLK ) , which lost 5.9% and 4.9% respectively.

From South Asia, the only gainers were financial services company HDFC Bank ( HDB ) and tech conglomerate Sea (SE), which were up 1.4% and 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro ( WIT ) , which dropped 4.8% and 3.6% respectively. They were followed by IT firms Sify Technologies ( SIFY ) and Infosys ( INFY ) , which were down 2.4% and 2.3% respectively.