10:39 AM EST, 12/26/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.72% to 2,103.88 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by the pet-focused platform Boqii ( BQ ) and internet and data center provider VNET Group ( VNET ) , which climbed 19.8% and 11.8% respectively. They were followed by mobile app developer Cheetah Mobile ( CMCM ) and streaming service iQIYI (IQ), which rose 4.4% and 2.6% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and ecommerce fashion platform MOGU ( MOGU ) , which fell 9.1% and 8% respectively. They were followed by brand platform Baozun ( BZUN ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which dropped 9% and 5.9% respectively.

From South Asia, the only gainers were IT firm Sify Technologies ( SIFY ) and telecommunications operator PLDT ( PHI ) , which were up 3% and 1.2% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Wipro ( WIT ) , which lost 1% and 0.4% respectively. They were followed by financial services company HDFC Bank ( HDB ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.5% and 0.4% respectively.