Asian equities traded in the US as American depositary receipts were moving sharply higher Friday morning, rising 2.14% to 2,877.93 on the S&P Asia 50 ADR Index, which is surging more than 5% for the week so far.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and computer hardware maker Canaan (CAN), which climbed 13% and 8.3%, respectively. They were followed by education company Four Seasons Education (FEDU) and consumer lender Eason Technology (DXF), which advanced 4.9% and 4.4%, respectively.

The decliners from North Asia were led by healthcare platform 111 (YI), which fell 4.4%, followed by social media platform JOYY (JOYY) and semiconductor company Himax Technologies (HIMX), which were down 1.4% and 0.4%, respectively.

From South Asia, the gainers were led by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which rose 5.6% and 3.4%, respectively. They were followed by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 3.1% and 2.3%, respectively.

There were no decliners from South Asia.