Asian equities traded in the US as American depositary receipts were falling 2.14% Friday morning to 2,866.84 on the S&P Asia 50 ADR Index. Despite the sharp loss, the index is still up about 0.5% for the week so far.

From North Asia, the gainers were led by healthcare platform 111 (YI) and lender Shinhan Financial Group (SHG), which rose 4.4% and 3.8% respectively. They were followed by travel company Tuniu (TOUR) and lender CNFinance (CNF), which were up 2.2% and 0.3% respectively.

The decliners from North Asia were led by Eason Technology (DXF) and semiconductor company Himax Technologies (HIMX), which shed 36% and 9% respectively. They were followed by video display maker LG Display (LPL) and semiconductor firm ASE Technology (ASX), which fell 8.4% and 7% respectively.

From South Asia, pharmaceutical company Dr. Reddy's Laboratories (RDY) increased 0.8%.

The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and Canaan (CAN), which dropped 5.7% and 5.3% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 3.2% and 2.9% respectively.