11:02 AM EDT, 10/24/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Thursday morning, declining 0.75% to 2,062.31 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform TuanChe ( TC ) , which soared 112%, followed by biotech firm Zai Lab ( ZLAB ) , which climbed more than 14% higher. They were followed by automotive ecommerce platform Cango ( CANG ) and utilities company Korea Electric Power ( KEP ) , which were up 5.6% and 4.9% respectively.

The decliners from North Asia were led by education company 17 Education & Technology Group ( YQ ) and brand platform Baozun ( BZUN ) , which dropped 4% and 6.1% respectively. They were followed by internet and data center provider VNET Group ( VNET ) and ecommerce fashion platform MOGU ( MOGU ) , which lost 4.74% and 3.8% respectively.

From South Asia, the only gainers were tech conglomerate Sea (SE) and IT firm Infosys ( INFY ) , which were up 0.9% and 0.2% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator PLDT ( PHI ) , which fell 0.3% and 1.9% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.9% and 0.4% respectively.