Asian equities traded in the US as American depositary receipts were lower in Friday morning trading, down 1.2% to 2,245.5 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile internet company Cheetah Mobile (CMCM) and consumer electronics recycling company ATRenew (RERE), which advanced 8.3% and 8.1% respectively. They were followed by financial service provider CNFinance (CNF), which climbed 6.5%.

The decliners from North Asia were led by gaming streaming platform Huya (HUYA) and technology company Xunlei (XNET), which fell 7.8% and 6% respectively, followed by biotech company Zai Lab (ZLAB), which dropped 5.4%.

From South Asia, the gainers were led by HDFC Bank (HDB), which rose 1.4%, and pharmaceutical company Dr Reddy's Laboratories (RDY), which added 0.6%.

The decliners from South Asia were led by telecom firm Telekomunikasi Indonesia (TLK), which was shedding 3.3%, and technology company Infosys (INFY), which fell 2.4%.