Do Options Traders Know Something About iQIYI (IQ) Stock We Don't?

Asian equities traded in the US as American depositary receipts were rising sharply Friday morning, climbing 1.22% to 2,076.32 on the S&P Asia 50 ADR Index, but were still down 1% for the week.

From North Asia, the gainers were led by computer hardware maker Canaan and ecommerce fashion platform MOGU , which advanced 12% and 5%, respectively. They were followed by solar panel maker JinkoSolar and financial services company Shinhan Financial Group , which rose 4.7% each.

The decliners from North Asia were led by mobile big data platform Aurora Mobile and automotive ecommerce platform TuanChe , which fell 8.8% and 5.2%, respectively. They were followed by education company Four Seasons Education and online entertainment platform iQIYI , which dropped 4.2% and 3.1%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea and telecommunications operator PLDT , which increased 2.4% and 1.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories and IT firm Infosys , which were up 0.9% and 0.4%, respectively.

The only decliners from South Asia were IT firm Sify Technologies and telecommunications operator Telekomunikasi Indonesia , which were down 1.9% and 0.4%, respectively.

Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.22% to 2,134.88 on the S&P Asia 50 ADR Index. Despite the decline, the index is up about 7% for the week.

From North Asia, the gainers were led by property technology company Fangdd Network Group and video-streaming service iQIYI , which advanced 29% and 16% respectively. They were followed by used car ecommerce platform Uxin and electric vehicle maker NIO , which climbed 15% and 13% higher respectively.

The decliners from North Asia were led by financial services company Sumitomo Mitsui Financial Group and automaker Honda Motor , which fell 4.5% and 2.5% respectively. They were followed by semiconductor company ASE Technology and financial services company Shinhan Financial Group , which fell 1.8% and 1.5% respectively.

From South Asia, pharmaceutical company Dr. Reddy's Laboratories was up 0.3%.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia , which dropped 2%, followed by financial services company ICICI Bank and IT firm Sify Technologies , which fell 1.7% each. IT firm Infosys was down 1.6%.