10:44 AM EDT, 09/24/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts surged higher Tuesday morning, rising 1.77% to 2,037.36 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm AMTD Digital ( HKD ) and education company Four Seasons Education ( FEDU ) , which climbed 15% and 13%, respectively. They were followed by music streaming service Tencent Music Entertainment Group ( TME ) and video-sharing platform Bilibili ( BILI ) , which advanced 12% each.

The decliners from North Asia were led by automotive e-commerce platforms Uxin ( UXIN ) and Cango ( CANG ) , which fell 9.3% and 5%, respectively. They were followed by biotech firm Zai Lab ( ZLAB ) and financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which declined 1.5% and 1.3%, respectively.

From South Asia, the only gainers were tech conglomerate SEA (SE) and telecommunications operator PLDT (PHI), which were up 1.4% and 0.4%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) and business process management company WNS (WNS), which lost 2% and 1%, respectively. They were followed by IT firm Infosys ( INFY ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.6% and 0.4%, respectively.