10:35 AM EDT, 08/08/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply higher Thursday morning, rising 1.8% to 1,857.04 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and mobile app developer Cheetah Mobile ( CMCM ) , which climbed 6.7% and 6.1% respectively. They were followed by brand platform 36Kr (KRKR) and computer hardware maker Canaan (CAN), which rose 6% and 5.6% respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile ( JG ) and ad agency iClick Interactive Asia Group ( ICLK ) , which dropped 3.6% and 3.1% respectively. They were followed by video-sharing platform Bilibili ( BILI ) and semiconductor company Himax Technologies ( HIMX ) , which fell 3% and 2.6% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which were up 2.4% and 2.2% respectively. They were followed by financial services company HDFC Bank ( HDB ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.3% and 1% respectively.

The lone decliner from South Asia was IT firm Sify Technologies ( SIFY ) , which was down 1.5%.