10:38 AM EDT, 07/23/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts jumped 3.20% on the S&P Asia 50 ADR Index to 2,468.43 Wednesday morning after the US announced a trade deal with Japan.

From North Asia, the gainers were led by fintech firm LexinFintech ( LX ) and automaker Honda Motor ( HMC ) , which climbed 13% and 12% respectively. They were followed by financial services companies Mitsubishi UFJ Financial Group ( MUFG ) and Sumitomo Mitsui Financial Group ( SMFG ) , which advanced 5.9% and 5.7% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy ( DQ ) and solar panel maker JinkoSolar ( JKS ) , which fell 4.4% and 2% respectively. They were followed by automotive marketplace Cango ( CANG ) and fintech company Pintec Technology ( PT ) , which dropped 1.7% and 0.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which rose 2.4% each. They were followed by IT firm Wipro ( WIT ) and financial services company HDFC Bank ( HDB ) , which were up 1.5% and 0.4% respectively.

The lone decliner from South Asia was telecommunications operator PLDT ( PHI ) , which was off 0.3%.