10:35 AM EDT, 10/30/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving lower Wednesday morning, declining 0.70% to 2,087.73 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which climbed 8.3% and 7%, respectively. They were followed by solar panel maker JinkoSolar ( JKS ) and consumer lending firm Qudian ( QD ) , which increased 6% and 2.8%, respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and education company 17 Education & Technology Group ( YQ ) , which fell 15% and 14%, respectively. They were followed by automotive ecommerce platform TuanChe ( TC ) and electric vehicle maker NIO (NIO), which lost 4.6% and 3.7%, respectively.

From South Asia, the only gainers were telecommunications operators PLDT ( PHI ) and Telekomunikasi Indonesia (TLK), which were up 1% each.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which dropped 1.7% and 1.4%, respectively. They were followed by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which were off 0.5% and 0.3%, respectively.