10:35 AM EST, 02/19/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.73% to 2,236.43 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and consumer lending firm Eason Technology ( DXF ) , which climbed 14% and 8.6% respectively. They were followed by internet and data center service provider VNET Group ( VNET ) and mobile app developer Cheetah Mobile ( CMCM ) , which advanced 8.3% and 7.1% respectively.

The decliners from North Asia were led by automotive e-commerce platform Autohome ( ATHM ) and mobile big data platform Aurora Mobile ( JG ) , which fell 3.8% and 3.7% respectively. They were followed by used car ecommerce platform Uxin ( UXIN ) and casino and resort operator Melco Resorts & Entertainment ( MLCO ) , which dropped 3.5% and 1.9% respectively.

From South Asia, the gainers were led by financial services company ICICI Bank ( IBN ) and telecommunications operator PLDT ( PHI ) , which rose 1.6% and 1.1% respectively. They were followed by IT firms Sify Technologies ( SIFY ) and Wipro ( WIT ) , which were up 0.2% and 0.1% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which lost 2.2% and 1.5% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were down 1.2% each.