10:48 AM EDT, 08/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging higher Thursday morning, climbing 1.83% to 1,947.23 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive e-commerce platform TuanChe ( TC ) and online game developer The9 ( NCTY ) , which advanced 9.2% and 6.7%, respectively. They were followed by e-commerce company JD.com ( JD ) , which rose 6.1% and then financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which added 5.7%.

The decliners from North Asia were led by computer hardware maker Canaan (CAN), which retreated 5.6%, and live game-streaming platform HUYA ( HUYA ) , which lost 4.9%. They were followed by property technology company Fangdd Network Group ( DUO ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which fell 4.7% and 3.1%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which were up 3.8% and 3.7%, respectively. They were followed by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which increased 1.8% and 1.5%, respectively.

The lone decliner from South Asia was telecommunications operator PLDT ( PHI ) , which was down 1.8%.