10:54 AM EDT, 06/26/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were edging lower Wednesday morning, declining 0.23% to 1,954.82 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and mobile app developer Cheetah Mobile ( CMCM ) , which rose 5.7% and 5.5% respectively. They were followed by online game developer The9 ( NCTY ) and electric vehicle maker NIO (NIO), which increased 5% and 4.5% respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial ( DXF ) and brand platform 36Kr (KRKR), which fell 7.8% and 5.4% respectively. They were followed by property technology firm Fangdd Network Group ( DUO ) , which fell 1.6%.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which climbed 6.8%, followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which rose 1% each. Telecommunications operator Telekomunikasi Indonesia (TLK) was up 0.6%.

The decliners from South Asia were led by business process management company WNS (WNS) and IT firm Infosys ( INFY ) , which dropped 1.8% and 0.8% respectively. They were followed by financial services company HDFC Bank ( HDB ) and IT firm Wipro ( WIT ) , which were off 0.6% and 0.5% respectively.