10:46 AM EDT, 06/25/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending sharply higher Tuesday morning, rising 1% to 1,952.84 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) , which climbed 10%, followed by automotive e-commerce platforms Cango ( CANG ) and Uxin ( UXIN ) , which rose 4.3% each. Computer hardware maker Canaan (CAN) was up 3.4%.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) , which tumbled 32% then brand platform 36Kr (KRKR), which fell 11%. They were followed by mobile app developer Cheetah Mobile ( CMCM ) and pet-focused platform Boqii ( BQ ) , which dropped 6.1% and 5.8%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and financial services company ICICI Bank ( IBN ) , which increased 2.6% and 1.8%, respectively. Telecommunications operator Telekomunikasi Indonesia (TLK) was up 1.3% and financial services company HDFC Bank ( HDB ) added 0.9%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and business process management company WNS (WNS), which fell 3.2% and 1.8% respectively. They were followed by biotech firm ASLAN Pharmaceuticals ( ASLN ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.6% and 0.4% respectively.