10:44 AM EDT, 05/28/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts fell Wednesday morning with the S&P Asia 50 ADR Index declining 1% to 2,247.94.

From North Asia, the gainers were led by pet-focused platform Boqii ( BQ ) and technology company Xunlei ( XNET ) , which advanced 6.5% and 3.3% respectively. They were followed by consumer lending firm Qudian ( QD ) and online education platform 51Talk Online Education Group ( COE ) , which were up 2.4% and 2.2% respectively.

The decliners from North Asia were led by financial services company CNFinance ( CNF ) and media company Phoenix New Media ( FENG ) , which fell 9.1% and 4.9% respectively. They were followed by internet and data center services provider VNET Group ( VNET ) and computer hardware maker Canaan (CAN), which dropped 4.6% and 4.2% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and financial services company ICICI Bank ( IBN ) , which increased 0.5% and 0.2% respectively. They were followed by Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank ( HDB ) , which rose 0.1% each.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 3.1% and 1% respectively. They were followed by IT companies Wipro ( WIT ) and Infosys ( INFY ) , which were off 0.9% and 0.7% respectively.