10:39 AM EDT, 05/15/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower Thursday morning, dropping 1.22% to 2,237.74 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive marketplace Token Cat ( TC ) and healthcare platform 111 (YI), which climbed 11% and 3.2% respectively. They were followed by brand platform 36Kr (KRKR) and utilities company Korea Electric Power ( KEP ) , which increased 3.1% and 2.5% respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and online brokerage UP Fintech ( TIGR ) , which shed 11.3% and 9.4% respectively. They were followed by computer hardware maker Canaan (CAN) and internet and data center services provider VNET Group ( VNET ) , which dropped 8.6% and 7.1%, respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank ( HDB ) , which rose 2.9% and 2.1% respectively. They were followed by financial services company ICICI Bank ( IBN ) and telecommunications operator PLDT ( PHI ) , which were up 1.8% and 1% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), which was off 0.1%.