10:46 AM EDT, 08/21/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending higher Wednesday morning, rising 1% to 1,985.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online discount retailer Vipshop (VIPS) and utilities company Korea Electric Power (KEP), which climbed 7.1% and 5.2% respectively. They were followed by education company Four Seasons Education ( FEDU ) and property technology company Fangdd Network Group ( DUO ) , which rose 4.7% and 4.6% respectively.

The decliners from North Asia were led by ecommerce company JD.com ( JD ) and mobile big data platform Aurora Mobile ( JG ) , which dropped 5.8% and 3.6% respectively. They were followed by media company Phoenix New Media ( FENG ) and pet-focused platform Boqii ( BQ ) , which lost 2.8% and 1.6% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro ( WIT ) , which increased 1.5% and 0.8% respectively. They were followed by IT company Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.7% and 0.5% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which fell 3.9%, followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which were off 0.7% and 0.1% respectively.