10:46 AM EDT, 07/25/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Thursday morning, falling 0.5% to 1,923.29 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by ecommerce company JD.com ( JD ) and polysilicon manufacturer Daqo New Energy ( DQ ) , which rose 4.3% and 3.9% respectively. They were followed by consumer financial services firm Qudian ( QD ) and electric vehicle maker NIO (NIO), which were up 2.7% and 2.3% respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and media company Phoenix New Media ( FENG ) , which fell 18.2% and 5.2% respectively. They were followed by online game developer The9 ( NCTY ) and mobile app developer Cheetah Mobile ( CMCM ) , which dropped 5% and 4.9% respectively.

From South Asia, the gainers were led by IT firm Wipro ( WIT ) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 2.6% and 1.6% respectively. They were followed by business process management company WNS (WNS) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.8% and 1.1% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which lost 1.8% and 1.2% respectively. They were followed by financial services company ICICI Bank ( IBN ) and telecommunications operator PLDT ( PHI ) , which were down 0.7% and 0.2% respectively.