10:44 AM EDT, 08/05/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were plummeting in Monday morning trading, shedding 3.65% to 1,768.56 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education ( FEDU ) and ecommerce fashion platform MOGU ( MOGU ) , which rose 5.3% and 5.1% respectively. They were followed by automotive ecommerce platform TuanChe ( TC ) and video-sharing platform Bilibili ( BILI ) , which increased 4.4% and 2% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and fintech platform Jiayin Group ( JFIN ) , which tumbled 30% and 12% respectively. They were followed by computer hardware maker Canaan (CAN) and media company Phoenix New Media ( FENG ) , which fell 11% and 10% respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies ( SIFY ) , which dropped 14% and 11% respectively. They were followed by IT firm Wipro ( WIT ) , which was down 4.1%.