10:45 AM EDT, 10/09/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Wednesday morning, dropping 1.26% to 2,102.38 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by property technology company Fangdd Network Group ( DUO ) and online game developer The9 ( NCTY ) , which rose 7.8% and 8.7% respectively. They were followed by consumer lending firm LexinFintech ( LX ) and internet and data center services provider VNET Group ( VNET ) , which increased 8.7% and 4.3% respectively.

The decliners from North Asia were led by travel company Tuniu ( TOUR ) and online brokerage UP Fintech ( TIGR ) , which fell 10.6% and 10.5% respectively. They were followed by mobile app developer Cheetah Mobile ( CMCM ) and tech company Xunlei ( XNET ) , which dropped 7.8% and 5.7% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies ( SIFY ) and Wipro ( WIT ) , which were up 1.1% and 0.5% respectively. They were followed by business process management company WNS (WNS), which rose 0.5%.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) and financial services company HDFC Bank ( HDB ) , which fell 2.2% and 1% respectively. They were followed by financial services company ICICI Bank ( IBN ) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.4% and 0.7% respectively.