10:51 AM EST, 02/20/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending higher Thursday morning, rising 0.56% to 2,251.02 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 video-sharing site Bilibili ( BILI ) , which climbed 10.3% and 9.2%, respectively. They were followed by ecommerce companies Alibaba Group ( BABA ) and JD.com ( JD ) , which advanced 9.5% and 5.9% respectively.

The decliners from North Asia were led by video-streaming service iQIYI (IQ) and semiconductor company Himax Technologies ( HIMX ) , which fell 8.9% and 4.3% respectively. They were followed by online game developer The9 ( NCTY ) and education company Four Seasons Education ( FEDU ) , which dropped 3.2% and 2.8% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 8% and 1.1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was up 0.4%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and financial services company HDFC Bank ( HDB ) , which lost 3.3% and 2.3% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Wipro ( WIT ) , which were down 1.1% and 0.4% respectively.