10:45 AM EDT, 07/10/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending sharply higher Wednesday morning, rising 0.91% to 2,033.15 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and online brokerage UP Fintech ( TIGR ) , which advanced 28% and 5.9% respectively. They were followed by computer hardware maker Canaan (CAN) and automotive ecommerce platform TuanChe ( TC ) , each of which climbed 4.5% and 2%, respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial ( DXF ) and internet and data center services provider VNET Group ( VNET ) , which fell 3.9% and 4.6% respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and video-sharing service Bilibili ( BILI ) , which dropped 2.7% and 1.3% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), which increased 1.7%. They were followed by telecommunications operator PLDT ( PHI ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.7% and 0.04% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and financial services company HDFC Bank ( HDB ) , which fell 9% and 1.2% respectively. They were followed by IT firm Wipro ( WIT ) and business process management company WNS (WNS), which were down 0.9% and 0.8% respectively.