10:58 AM EDT, 08/07/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply higher Thursday morning, surging 1.5% to 2 409,98 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by financial services company CNFinance ( CNF ) and computer hardware maker Canaan (CAN), which climbed 5.6% and 6% respectively. They were followed by fintech firm Maase ( MAAS ) and mobile big data platform Aurora Mobile ( JG ) , which increased 5% and 3.2% respectively.

The decliners from North Asia were led by semiconductor company Himax Technologies ( HIMX ) and biopharmaceutical company Zai Lab ( ZLAB ) , which tumbled 15% and 12% respectively. They were followed by diagnostic imaging centers Concord Medical Services ( CCM ) and fintech firm LexinFintech ( LX ) , which fell 4.3% and 2.7% respectively.

From South Asia, the gainers were led by IT Firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 2.1% and 1.9% respectively. They were followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which were up 0.4% and 1.2% respectively.

The only decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies ( SIFY ) , which were off 0.3% and 3.3% respectively.