10:47 AM EDT, 05/23/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending modestly higher Thursday morning, rising 0.30% to 1,945.78 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile big data services provider Aurora Mobile ( JG ) and online game developer The9 ( NCTY ) , which rose 6.9% and 6.6% respectively. They were followed by mobile app developer Cheetah Mobile ( CMCM ) and semiconductor company ASE Technology ( ASX ) , which increased 8.8% and 1.7% respectively.

The decliners from North Asia were led by electric vehicle maker NIO (NIO) and property technology company Fangdd Network Group ( DUO ) , which fell 9.5% and 6.5% respectively. They were followed by computer hardware maker Canaan (CAN) and video-sharing service Bilibili ( BILI ) , which lost 7.3% and 7.6% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and financial services company HDFC Bank ( HDB ) , which rose 2.1% and 1.7% respectively. They were followed by financial services company ICICI Bank ( IBN ) and IT firm Wipro ( WIT ) , which were up 1.7% and 1.4% respectively.

The decliners from South Asia were led by business process management company WNS (WNS) and tech conglomerate Sea (SE), which fell 1.2% and 1.9% respectively. They were followed by telecommunications operators PLDT ( PHI ) and Telekomunikasi Indonesia (TLK), which were off 0.7% and 0.5% respectively.