10:40 AM EDT, 03/20/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were lower Thursday morning, declining 0.87% to 2,244.10 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by ecommerce fashion platform MOGU ( MOGU ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which surged 8.8% and 8% respectively. They were followed by education company Four Seasons Education ( FEDU ) and computer hardware maker Canaan (CAN), which rose 5.4% and 3% respectively.

The decliners from North Asia were led by video-based social media company JOYY ( YY ) and electric vehicle maker NIO (NIO), which fell 9.3 and 6.2% respectively. They were followed by online brokerage UP Fintech ( TIGR ) and video-sharing site Bilibili ( BILI ) , which dropped 6.5% and 4.7% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.1%, followed by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which were up 0.4% and 0.1% respectively.

The decliners from South Asia were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which lost 2.7% and 1.5% respectively. They were followed by telecommunications operator PT Telekomunikasi Indonesia (TLK) and IT company Sify Technologies ( SIFY ) , which were down 2.2% and 1.1% respectively.