10:46 AM EST, 02/26/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were surging higher Wednesday morning, rising 2.20% to 2,256.92 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company 36Kr (KRKR) and online brokerage UP Fintech ( TIGR ) , which climbed 14% and 11%, respectively. They were followed by fintech firm LexinFintech ( LX ) and automotive ecommerce platform TuanChe ( TC ) , which advanced 10% and 9.1%, respectively.

The decliners from North Asia were led by video-based social media platform JOYY ( YY ) and automotive ecommerce platform Cango ( CANG ) , which fell 7.2% and 2.6%, respectively. They were followed by internet and data center services provider VNET Group ( VNET ) and pet-focused platform Boqii ( BQ ) , which dropped 2.5% and 2%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro ( WIT ) , which rose 2.7% and 1%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.7% and 0.5%, respectively.

The only decliners from South Asia were IT firm Sify Technologies ( SIFY ) and financial services company HDFC Bank ( HDB ) , which were off 0.5% and 0.3%, respectively.