10:31 AM EDT, 05/16/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts eased Thursday morning, declining 0.04% to 1,950.23 on the S&P Asia 50 ADR Index and paring earlier losses.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and game live-streaming platform HUYA ( HUYA ) , which climbed 8.2% and 7.9% respectively. They were followed by consumer lending firm Dunxin Financial ( DXF ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which advanced 7.8% and 6.1% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and video-sharing site iQIYI (IQ), which fell 9.3% and 6.7% respectively. They were followed by biotech firm Zai Lab ( ZLAB ) and financial services company Mitsubishi UFJ Financial Group ( MUFG ) , which dropped 5.6% and 4.7% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and biotech firm ASLAN Pharmaceuticals ( ASLN ) , which rose 3.7% and 3% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys ( INFY ) , which were up 1.4% and 1.2% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank ( IBN ) , which were down 0.5% and 0.4% respectively. They were followed by IT firm Wipro ( WIT ) and business process management company WNS (WNS), which were off 0.2% and 0.1% respectively.