10:39 AM EDT, 05/30/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Thursday morning, climbing 0.25% to 1,918.43 on the S&P Asia 50 ADR Index, paring earlier gains.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) , which surged 27%, followed by internet and data center services provider VNET Group ( VNET ) , which climbed 9.6%. Financial services company CNFinance ( CNF ) and consumer lending firm Dunxin Financial ( DXF ) rose 6.3% and 5.1% respectively.

The decliners from North Asia were led by wealth management firm Noah Holdings ( NOAH ) and education company Four Seasons Education ( FEDU ) , which fell 21% and 8.1% respectively. They were followed by pet-focused platform Boqii ( BQ ) and ecommerce fashion platform MOGU ( MOGU ) , which dropped 5.7% and 4.3% respectively.

From South Asia, the lone gainer was financial services company ICICI Bank ( IBN ) , which rose 1.2%.

The decliners from South Asia were led by IT firms Wipro ( WIT ) and Sify Technologies ( SIFY ) , which lost 2.6% and 1.9% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which were down 1.7% and 1.1% respectively.