10:37 AM EDT, 10/31/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Thursday morning as the S&P Asia 50 ADR Index declined 1.64% to 2,045.98.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and solar panel maker JinkoSolar ( JKS ) , which climbed 7.1% and 6.3%, respectively. They were followed by education company 17 Education & Technology Group ( YQ ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which increased 4.6% and 3.5%, respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and computer hardware maker Canaan (CAN), which tumbled 17% and 10%, respectively. They were followed by media company Phoenix New Media ( FENG ) and healthcare platform 111 (YI), which lost 5.6% and 5.3%, respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies ( SIFY ) , which fell 3.3% and 2.9%, respectively. They were followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which dropped 1.3% and 1.7%, respectively.