10:38 AM EDT, 05/21/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were modestly higher Wednesday morning, rising 0.15% to 2,260.96 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and fintech firm Pintec Technology ( PT ) , which advanced 6.5% and 5.3%, respectively. They were followed by ecommerce company Baidu ( BIDU ) and solar project developer Emeren Group ( SOL ) , which rose 3.9% and 3.5%, respectively.

The decliners from North Asia were led by automotive marketplace Token Cat ( TC ) and video streaming service iQIYI (IQ), which fell 8% and 5.8%, respectively. They were followed by financial services company CNFinance ( CNF ) and computer hardware maker Canaan (CAN), which dropped 4.7% and 3.9%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 0.8%, followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies ( SIFY ) , which were up 0.5% and 0.2%, respectively.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) and IT company Wipro ( WIT ) , which lost 0.9% and 0.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank ( IBN ) , which were off 0.5% and 0.4%, respectively.