10:44 AM EDT, 04/23/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Thursday morning, dropping 1.2% to 2,766.6 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by travel company Tuniu ( TOUR ) and fintech firm Maase ( MAAS ) , which climbed 16.3% and 15.9% respectively. They were followed by education company 51Talk Online Education Group ( COE ) and media company Phoenix New Media ( FENG ) , which increased 5.5% and 3.9% respectively.

The decliners from North Asia were led by video display maker LG Display ( LPL ) and biopharmaceutical company Zai Lab ( ZLAB ) , which shed 17% and 5.3% respectively. They were followed by semiconductor company Himax Technologies ( HIMX ) and fintech company Jiayin Group ( JFIN ) , which dropped 5% and 3.6% respectively.

From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT ( PHI ) , which rose 4.6% and 0.2% respectively.

The decliners from South Asia were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which fell 6.4% and 4.7% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were each down 2.9%.