10:47 AM EST, 12/17/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Tuesday morning, declining 0.68% to 2,071.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and video-sharing platform Bilibili ( BILI ) , which rose 6.8% and 5.2%, respectively. They were followed by travel company Tuniu ( TOUR ) and internet and data center services provider VNET Group ( VNET ) , which were up 4% and 3.8%, respectively.

The decliners from North Asia were led by mobile app developer Cheetah Mobile ( CMCM ) and ecommerce brand platform Baozun ( BZUN ) , which fell 13% and 11%, respectively. They were followed by online education platform 51Talk Online Education Group ( COE ) and healthcare platform 111 (YI), which dropped 6.1% and 5.9% ,respectively.

From South Asia, the lone gainer was telecommunications operator Telekomunikasi Indonesia (TLK), which was up 0.2%.

The decliners from South Asia were led by financial services company HDFC Bank ( HDB ) and telecommunications operator PLDT ( PHI ) , which lost 1.9% and 1.5%, respectively. They were followed by financial services company ICICI Bank ( IBN ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.4% and 1.3%, respectively.