10:47 AM EDT, 08/26/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were falling sharply Monday morning, dropping 2.56% to 1,934.78 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education ( FEDU ) and computer hardware maker Canaan (CAN), which climbed 12.1% and 4.9% respectively. They were followed by automotive ecommerce platform TuanChe ( TC ) and fintech firm Jiayin Group ( JFIN ) , which rose 7.2% and 3.4% respectively.

The decliners from North Asia were led by video-sharing platform Bilibili ( BILI ) and polysilicon manufacturer Daqo New Energy ( DQ ) , which fell 7.1% and 5.3% respectively. They were followed by mobile big data platform Aurora Mobile ( JG ) and brand platform 36Kr (KRKR), which lost 6.3% and 3.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1% and 1.3% respectively. They were followed by IT company Wipro ( WIT ) and telecommunications operator PLDT ( PHI ) , which were up 0.6% and 0.5% respectively.

The lone decliner from South Asia was tech conglomerate Sea (SE), which was down 2.3%.