10:45 AM EDT, 06/12/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging sharply higher Wednesday morning, rising 2.12% to 1,979.76 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm Dunxin Financial ( DXF ) and property technology company Fangdd Network Group ( DUO ) , which climbed 8.7% and 8%, respectively. They were followed by solar project developer Emeren Group ( SOL ) and financial services company Shinhan Financial Group ( SHG ) , which advanced 7.8% and 5.3%, respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and mobile app developer Cheetah Mobile ( CMCM ) , which fell 9.8% and 4.6%, respectively. They were followed by fintech firm Jiayin Group ( JFIN ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which dropped 2.9% and 2.1%, respectively.

From South Asia, the gainers were led by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which increased 2.9% and 1.6%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1.5% and 1%, respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which fell 11%, followed by telecommunications operator PLDT ( PHI ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 0.5% each. IT firm Infosys ( INFY ) was off 0.03%.