10:39 AM EDT, 08/20/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply lower Tuesday morning, falling 1.29% to 1,971.48 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform Cango ( CANG ) and financial services company Dunxin Financial ( DXF ) , which climbed 6.6% and 6.5% respectively. They were followed by solar project developer Emeren Group ( SOL ) and media company Phoenix New Media ( FENG ) , which increased 5.6% and 4.3% respectively.

The decliners from North Asia were led by online discount retailer Vipshop ( VIPS ) and video streaming service iQIYI (IQ), which fell 14.4% and 5.3% respectively. They were followed by ecommerce company JD.com ( JD ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which were down 4.1% and 3.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.5%, followed by IT firm Wipro ( WIT ) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 0.2% each respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which lost 1.3% and 0.9% respectively. They were followed by financial services company ICICI Bank ( IBN ) and telecommunications operator PLDT ( PHI ) , which were off 0.5% each respectively.