10:52 AM EDT, 10/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were down sharply Tuesday morning, tumbling 2.85% to 2,082.23 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by pet-focused platform Boqii ( BQ ) and semiconductor company ASE Technology ( ASX ) , which rose 11.7% and 2.2% respectively. They were followed by diagnostic imaging center company Concord Medical Services ( CCM ) and online education platform 51Talk Online Education Group ( COE ) , which were up 3.2% and 1.4% respectively.

The decliners from North Asia were led by internet and data center provider VNET Group ( VNET ) and consumer lending firm LexinFintech ( LX ) , which fell 14.8% and 13.6% respectively. They were followed by travel company Tuniu ( TOUR ) and automotive ecommerce platform Cango ( CANG ) , which lost 11.6% and 7.2% respectively.

From South Asia, the gainers were led by financial services company ICICI Bank ( IBN ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.6% and 0.9% respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which increased 0.5% and 0.1% respectively.

The decliners from South Asia were led by IT firms Sify Technologies ( SIFY ) and Wipro ( WIT ) , which dropped 8.7% and 3.2% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which were down 3% and 0.9% respectively.