10:53 AM EST, 11/26/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply lower Tuesday morning, falling 0.95% to 2,023.19 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer The9 ( NCTY ) and consumer lending firm LexinFintech ( LX ) , which climbed 18.5% and 18.4% higher respectively. They were followed by mobile app developer Cheetah Mobile ( CMCM ) , which rose 6%.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and fintech firm Pintec Technology ( PT ) , which lost 12% and 9.3% respectively. They were followed by electric vehicle maker NIO (NIO) and internet and data center company VNET Group ( VNET ) , which dropped 6.3% and 4.6% respectively.

From South Asia, the only gainers were IT firm Infosys ( INFY ) and telecommunications operator PLDT ( PHI ) , which were up 0.9% and 0.3% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which fell 2.1%, followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.6% and 1.3% respectively.