10:44 AM EDT, 10/08/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Tuesday morning, down 2.42% to 2,120.58 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Silicon Motion Technology ( SIMO ) and advertising agency iClick Interactive Asia Group ( ICLK ) , which rose 2.5% and 1.6%, respectively. They were followed by utilities company Korea Electric Power ( KEP ) and semiconductor company Himax Technologies ( HIMX ) , which were up 0.4% and 0.1%, respectively.

The decliners from North Asia were led by solar panel maker JinkoSolar ( JKS ) and financial services company CNFinance ( CNF ) , which shed 20% and 19%, respectively. They were followed by online brokerage UP Fintech ( TIGR ) and polysilicon manufacturer Daqo New Energy ( DQ ) , which fell 18% and 17%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies ( SIFY ) , which increased 2.8% and 2.1%, respectively. They were followed by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which rose 1.7% and 1.6%, respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE), which dropped 1%, followed by IT firm Wipro ( WIT ) and telecommunications operator PLDT ( PHI ) , which were down 0.7% and 0.6%, respectively.