Asian equities traded in the US as American depositary receipts were falling sharply lower Friday morning, declining 1.28% to 2,589.96 on the S&P Asia 50 ADR Index, which has shed more than 3.5% for the week so far.

From North Asia, the gainers were led by solar panel maker JinkoSolar (JKS) and mobile app developer Cheetah Mobile (CMCM), which advanced 2.7% and 2.5% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and electric vehicle maker NIO (NIO), which fell 5.8% and 5.5% respectively. They were followed by internet and data center services provider VNET Group (VNET), which dropped 4.1%.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which rose 1.3% and 1% respectively.

The decliners from South Asia were led by IT company Wipro (WIT) and lender ICICI Bank (IBN), which were down 1.8% and 1.7% respectively. They were followed by lender HDFC Bank (HDB) and tech conglomerate Sea (SE), which lost 1.3% and 0.5% respectively.