10:41 AM EDT, 06/27/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were flat in late Thursday morning trading, nudging 0.04% higher to 1,957.15 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) , which climbed 11.6%, followed by automotive ecommerce platform TuanChe ( TC ) and education company 17 Education & Technology Group ( YQ ) , which rose 11.5% and 10.5% respectively. Online education platform 51Talk Online Education Group ( COE ) was up 12%.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and mobile app developer Cheetah Mobile ( CMCM ) , which fell 9.6% and 2.9% respectively. They were followed by online entertainment service iQIYI (IQ) and online discount retailer Vipshop ( VIPS ) , which dropped 5.6% and 4.1% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro ( WIT ) , which rose 4.3% and 2.8% respectively. They were followed by business process management company WNS (WNS) and IT firm Infosys ( INFY ) , which increased 1.1% and 2.4% respectively.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) , which lost 6.2%, followed by tech conglomerate Sea (SE) and financial services company HDFC Bank ( HDB ) , which were off 0.3% and 0.4% respectively.