10:57 AM EDT, 10/25/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply higher Friday morning, rising 1.43% to 2,096.58 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and solar panel maker JinkoSolar ( JKS ) , which climbed 14% and 11% higher respectively. They were followed by automotive ecommerce platform Cango ( CANG ) and video-sharing platform Bilibili ( BILI ) , which rose 5.6% and 8.5% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which fell 10% and 5.4% respectively. They were followed by pet-focused platform Boqii ( BQ ) and biotech firm Zai Lab ( ZLAB ) , which were down 3.8% and 2.6% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which rose 1.2%, followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1% and 0.3% respectively.

The decliners from South Asia were led by Dr. Reddy's Laboratories pharmaceutical company (RDY), which fell 1.1%, followed by telecommunications operator PLDT ( PHI ) and IT firm Infosys ( INFY ) , which were off 0.6% and 0.1% respectively.