10:37 AM EST, 01/30/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply higher Thursday morning, rising 1.61% to 2,174.43 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which climbed 13% and 11% respectively. They were followed by online entertainment company iQIYI (IQ) and casino operator Melco Resorts & Entertainment ( MLCO ) , which increased 6.4% and 5.5% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and automotive e-commerce platform TuanChe ( TC ) , which fell 32% and 5.8% respectively. They were followed by pet-focused platform Boqii ( BQ ) and fintech company Pintec Technology ( PT ) , which dropped 5.5% and 3.5% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 1.9% and 1.7% respectively. They were followed by IT company Infosys ( INFY ) and telecommunications operator PLDT ( PHI ) , which were up 1.4% and 1.2% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which lost 2.5%, followed by IT companies Sify Technologies ( SIFY ) and Wipro ( WIT ) , which were off 0.3% and 0.1% respectively.