10:34 AM EDT, 09/18/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.29% to 2,680.02 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online game developer The9 (NCTY) and fashion platform MOGU (MOGU), which rose 4.9% and 4%, respectively. They were followed by semiconductor companies Silicon Motion Technology (SIMO) and Himax Technologies (HIMX), which were up 3.5% and 2.4%, respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and brand platform Baozun (BZUN), which fell 4.4% and 4.1%, respectively. They were followed by automotive platform Token Cat (TC) and video-sharing site Bilibili (BILI), which lost 3.8% and 3.3%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which increased 1.5%, followed by telecommunications operator PLDT (PHI) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 0.2% and 0.1% respectively.

The decliners from South Asia were led by financial services company ICICI Bank (IBN) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 1.7% and 1.6%, respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Sify Technologies (SIFY), which were down 1.4% and 1.3%, respectively.