10:39 AM EDT, 06/05/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending sharply higher Wednesday morning, rising 1.38% to 1,936.34 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by the used car ecommerce platform Uxin ( UXIN ) and financial services company CNFinance ( CNF ) , which rose 6.6% and 9.6% respectively. They were followed by automotive ecommerce platform TuanChe ( TC ) and polysilicon manufacturer Daqo New Energy ( DQ ) , which increased 5% and 4.1% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) , which tumbled 33.8%, followed by media company Phoenix New Media ( FENG ) , which dropped 7.2%. They were followed by travel company Tuniu ( TOUR ) and game live-streaming platform DouYu International ( DOYU ) , which fell 6% and 4.5% respectively.

From South Asia, the gainers were led by financial services companies HDFC Bank ( HDB ) and ICICI Bank ( IBN ) , which increased 3.7% and 2.7% respectively. They were followed by IT firms Wipro ( WIT ) and Infosys ( INFY ) , which were up 2.6% and 1.5% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which fell 2.8%, followed by biotech firm ASLAN Pharmaceuticals ( ASLN ) and telecommunications operator PLDT ( PHI ) , which were down 2% and 0.7% respectively.