10:27 AM EDT, 09/24/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 1.1% to 2,727.63 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and computer hardware maker Canaan (CAN), which advanced 21% and 13% respectively. They were followed by polysilicon manufacturer Daqo New Energy ( DQ ) and e-commerce company Alibaba Group ( BABA ) , which climbed 10% and 8.6% higher respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and consumer lending firm Eason Technology ( DXF ) , which fell 18% and 3.3% respectively. They were followed by online game developer The9 ( NCTY ) and lender Shinhan Financial Group ( SHG ) , which dropped 3.2% and respectively 1.8%.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 1.1%, followed by IT firm Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.3% and 0.4% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 5.8% and 1.8% respectively. They were followed by IT firm Wipro ( WIT ) and lender ICICI Bank ( IBN ) , which were off 1.5% and 0.5% respectively.