10:41 AM EDT, 05/29/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Wednesday morning, dropping 1.66% to 1,915.69 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and polysilicon manufacturer Daqo New Energy ( DQ ) , which climbed 8.6% and 7.7% respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and financial services company CNFinance ( CNF ) , which rose 5.8% and 3.3% respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and video-based social media platform JOYY ( YY ) , which fell 20% and 7.7% respectively. They were followed by wealth management firm Noah Holdings ( NOAH ) and ecommerce fashion platform MOGU ( MOGU ) , which dropped 5.7% and 5.6% respectively.

From South Asia, the only gainer was biotech firm ASLAN Pharmaceuticals ( ASLN ) , which was up 2.1%.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 6% and 3.9% respectively. They were followed by tech conglomerate Sea (SE) and financial services company HDFC Bank ( HDB ) , which were down 3.1% and 1.4% respectively.