10:34 AM EDT, 05/09/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.39% to 1,887.04 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biotech firm Zai Lab ( ZLAB ) and semiconductor company Himax Technologies ( HIMX ) , which advanced 25% and 10%, respectively. They were followed by education company Four Seasons Education ( FEDU ) and game live-streaming platform HUYA ( HUYA ) , which rose 7.4% and 4%, respectively.

The decliners from North Asia were led by internet and data center services provider VNET Group ( VNET ) and ecommerce fashion platform MOGU ( MOGU ) , which dropped 5.3% and 5.1%, respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and tech company Xunlei ( XNET ) , which lost 4.3% and 2.4% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), which rose 0.3%, followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which were up 0.2% each.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and business process management company WNS (WNS), which were down 3.1% and 2%, respectively. They were followed by IT firms Wipro ( WIT ) and Sify Technologies ( SIFY ) , which dropped 1.7% and 1.6%, respectively.