10:53 AM EDT, 08/28/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending modestly lower Wednesday morning, declining 0.35% to 1,947.80 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by internet and data center service provider VNET Group ( VNET ) and education company 17 Education & Technology Group ( YQ ) , which advanced 17% and 4.9%, respectively. Online education platform 51Talk Online Education Group ( COE ) was up 4.4% and online game developer The9 ( NCTY ) added 3.2%.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and financial services company CNFinance ( CNF ) , which fell 6.9% and 5.4%, respectively. They were followed by electric vehicle maker NIO (NIO) and e-commerce brand platform Baozun ( BZUN ) , which dropped 4.9% and 4.8%, respectively.

From South Asia, the gainers were led by IT firms Wipro ( WIT ) and Infosys ( INFY ) , which increased 2.9% each. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and business process management company WNS (WNS), which were up 1.3% and 1%, respectively.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) and IT firm Sify Technologies ( SIFY ) , which lost 2% and 1.4%, respectively. Tech conglomerate Sea (SE) was off 0.6% and financial services company HDFC Bank ( HDB ) lost 0.4%.