10:41 AM EDT, 07/16/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending modestly higher Tuesday morning, rising 0.30% to 2,037.69 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by e-commerce fashion platform MOGU ( MOGU ) and biopharmaceutical company Zai Lab ( ZLAB ) , which climbed 8.2% and 4.3%, respectively. They were followed by online education platform 17 Education & Technology Group ( YQ ) and financial services company Nomura (NMR), which increased by 4% and 3.7%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR, which fell 8.8%, and automotive e-commerce platform TuanChe ( TC ) , which retreated 4.9%. They were followed by online game developer The9 ( NCTY ) and computer hardware maker Canaan (CAN), which dropped 4.3% and 1.2%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and business process management company WNS (WNS), which rose 5.7% and 2.4%, respectively. They were followed by IT firm Infosys ( INFY ) and financial services company HDFC Bank ( HDB ) , which were up 1.3% and 0.9%, respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) , which lost 9.4%, and tech conglomerate Sea (SE), which declined 1.5%. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 1.4% and 0.4%, respectively.