10:38 AM EDT, 03/21/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending higher Thursday morning, rising 0.82% to 1,931.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Silicon Motion Technology ( SIMO ) and financial services firm Nomura (NMR), which rose 3.6% and 3.3%, respectively. They were followed by solar project developer Emeren Group ( SOL ) and education company 51Talk Online Education Group ( COE ) , which increased 3.1% each.

The decliners from North Asia were led by ecommerce brand platform Baozun ( BZUN ) and video-sharing site Bilibili ( BILI ) , which fell 10% and 8.5%, respectively. They were followed by consumer lending firm LexinFintech ( LX ) and game live-streaming service HUYA ( HUYA ) , which dropped 8.3% and 6.1%, respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and financial services company HDFC Bank ( HDB ) , which rose 1.6% and 1.1%, respectively. They were followed by IT firm Sify Technologies ( SIFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.9% and 0.5%, respectively.

The decliners from South Asia were led by IT firm Infosys ( INFY ) and business process management company WNS (WNS), which were down 3% and 1.3%, respectively. They were followed by IT firm Wipro ( WIT ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 1.2%, each.