10:30 AM EDT, 05/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Wednesday morning, climbing 0.71% to 1,938.23 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by e-commerce fashion platform MOGU ( MOGU ) and financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which rose 4.4% and 4.2% respectively. They were followed by diagnostic imaging centers company Concord Medical Services ( CCM ) and used car ecommerce platform Uxin ( UXIN ) , which increased 3.8% and 3.2% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and electric vehicle maker NIO (NIO), which fell 9.4% and 8.4% respectively. They were followed by fintech firm AMTD Digital ( HKD ) and financial services company CNFinance ( CNF ) , which lost 7.6% each.

From South Asia, the gainers were led by ASLAN Pharmaceuticals ( ASLN ) and tech conglomerate Sea (SE), which rose 2.3% and 1.7% respectively. They were followed by business process management company WNS (WNS) and IT firm Sify Technologies ( SIFY ) , which were up 1.1% and 0.8% respectively.

The decliners from South Asia were led by financial services company HDFC Bank ( HDB ) , which fell 1.3%, followed by IT firm Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.2% and 0.1% respectively.