10:48 AM EDT, 09/23/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts surged higher Tuesday morning, rising 1.14% to 2,728.01 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm Eason Technology ( DXF ) and fintech firm Qfin ( QFIN ) , which rose 11% and 6.5%, respectively. They were followed by computer hardware maker Canaan (CAN) and consumer lending firm Qudian ( QD ) , which increased 4.3% and 4%, respectively.

The decliners from North Asia were led by fashion platform MOGU ( MOGU ) and media company Phoenix New Media ( FENG ) , which tumbled 10% and 7.2%, respectively. They were followed by lender CNFinance ( CNF ) and education platform 17 Education & Technology Group ( YQ ) , which lost 6.4% and 5.3%, respectively.

From South Asia, the lone gainer was telecommunications operator PLDT ( PHI ) , which was up 0.8%.

The decliners from South Asia were led by lender ICICI Bank (IBN) and IT firm Infosys (INFY), which dropped 1.1% each. They were followed by IT company Wipro ( WIT ) and lender HDFC Bank ( HDB ) , which were off 0.9% and 0.7%, respectively.