10:45 AM EDT, 06/13/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply lower Thursday morning, falling 1.06% to 1,947.44 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by property technology company Fangdd Network Group ( DUO ) and ecommerce fashion platform MOGU ( MOGU ) , which climbed 10.2% and 9.6% respectively. They were followed by consumer lending firm Qudian ( QD ) and video-sharing service Bilibili ( BILI ) , which increased 9.8% and 7.7% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and media company Phoenix New Media ( FENG ) , which fell 2.9% and 3.2% respectively. They were followed by financial services company Shinhan Financial Group ( SHG ) and online game developer The9 ( NCTY ) , which dropped 3.1% and 1.4% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 1.6% and 1.1% respectively. They were followed by biotech firm ASLAN Pharmaceuticals ( ASLN ) and IT company Wipro ( WIT ) , which were up 0.7% and 0.5% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 7.5% and 3.3% respectively. They were followed by financial services company ICICI Bank ( IBN ) and business process management company WNS (WNS), which were down 1.6% and 0.4% respectively.