Asian equities traded in the US as American depositary receipts were trending higher Friday morning, rising 0.86% to 2,732.09 on the S&P Asia 50 ADR Index, which is up 0.4% so far for the week.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and fashion platform MOGU (MOGU), which advanced 5.9% and 3.9%, respectively. They were followed by ecommerce company Baozun (BZUN) and internet and data center services provider VNET Group (VNET), which moved 3.7% and 3.6% higher, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and thin-film liquid display maker LG Display (LPL), which fell 4.3% and 2.9%, respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and lender Mitsubishi UFJ Financial Group (MUFG), which dropped 2.2% and 1%, respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which were up 0.7% and 0.4%, respectively. They were followed by lender HDFC Bank (HDB), which increased 0.2%.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys (INFY), which lost 1% and 0.5%, respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were off 0.4% and 0.3%, respectively.