10:47 AM EST, 02/27/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.80% to 2,227.65 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by technology company Xunlei ( XNET ) and education company Four Seasons Education ( FEDU ) , which advanced 40% and 6.2%, respectively. They were followed by automotive e-commerce platform Cango ( CANG ) and e-commerce fashion platform MOGU ( MOGU ) , which rose 6.1% and 5%, respectively.

The decliners from North Asia were led by internet and data center services provider VNET Group ( VNET ) and advertising agency iClick Interactive Asia Group ( ICLK ) , which fell 12% and 7%, respectively. They were followed by diagnostic imaging centers company Concord Medical Services ( CCM ) and ad agency 36Kr (KRKR), which dropped 6.7% and 6%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and financial services company HDFC Bank ( HDB ) , which increased 2.9% and 1% respectively. They were followed by IT firm Wipro ( WIT ) and financial services company ICICI Bank ( IBN ) , which were up 0.7% and 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Infosys ( INFY ) , which lost 2% and 0.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were off 0.3% each.