10:58 AM EDT, 05/22/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were modestly lower Wednesday morning, declining 0.25% to 1,947.30 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and solar panel maker JinkoSolar ( JKS ) , which climbed 14% and 12% respectively. They were followed by solar project developer Emeren Group ( SOL ) and online discount retailer Vipshop ( VIPS ) , which rose 6.3% and 5.8% respectively.

The decliners from North Asia were led by consumer lending firm Dunxin Financial ( DXF ) and ecommerce brand platform Baozun ( BZUN ) , which fell 15% and 7.2% respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and ecommerce fashion platform MOGU ( MOGU ) , which dropped 6.3% and 5.9% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies ( SIFY ) and Infosys ( INFY ) , which rose 5.5% and 1.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which were up 1% and 0.6% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company ICICI Bank ( IBN ) , which lost 1% and 0.9% respectively. They were followed by telecommunications operator PLDT ( PHI ) , which was down 0.6%.