10:35 AM EST, 01/29/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving higher Wednesday morning, rising 0.73% to 2,156.25 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and internet and data center services provider VNET Group ( VNET ) , which climbed 32.5% and 11.1% respectively. They were followed by fintech firm Pintec Technology ( PT ) and automotive ecommerce platform Cango ( CANG ) , which were up 4% and 1.3% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology ( DXF ) and mobile big data platform Aurora Mobile ( JG ) , which tumbled 21.9% and 20.4% respectively. They were followed by automotive ecommerce platform TuanChe ( TC ) and education company Four Seasons Education ( FEDU ) , which fell 10.5% and 0.7% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.6% and 0.4% respectively. They were followed by IT firms Wipro ( WIT ) and Infosys ( INFY ) , which rose 0.5% each.

The decliners from South Asia were led by telecommunications operator PLDT ( PHI ) , which lost 1.3%, followed by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which were down 0.7% and 0.5% respectively.