10:43 AM EDT, 09/19/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging higher Thursday morning, up 2.91% to 1,978.75 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive ecommerce platform Cango ( CANG ) and media company Phoenix New Media ( FENG ) , which climbed 7.3% and 5.5%, respectively. They were followed by ecommerce company JD.com ( JD ) and mobile big data platform Aurora Mobile ( JG ) , which rose 5.4% and 4.9%, respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and brand platform 36Kr (KRKR), which fell 8.3% and 6.3%, respectively. They were followed by education company Four Seasons Education ( FEDU ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which dropped 3.7% and 2.8%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and financial services company HDFC Bank ( HDB ) , which rose 3.8% and 1.5%, respectively. They were followed by IT firm Infosys ( INFY ) and business process management company WNS (WNS), which were up 1.1% and 0.9%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which lost 6.5%, followed by telecommunications operator PLDT ( PHI ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.8% and 0.3%, respectively.