10:44 AM EST, 02/24/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were dropping sharply Monday morning, tumbling 2.64% to 2,200.86 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm Eason Technology ( DXF ) and ad agency iClick Interactive Asia Group ( ICLK ) , which rose 5.6% and 5.1%, respectively. They were followed by social media platform JOYY ( YY ) and utilities company Korea Electric Power ( KEP ) , which were up 2.5% and 1.5%, respectively.

The decliners from North Asia were led by internet and data center services provider VNET Group ( VNET ) and music streaming service Tencent Music Entertainment Group ( TME ) , which fell 16% and 9%, respectively. They were followed by online brokerage UP Fintech ( TIGR ) and ecommerce company Alibaba Group ( BABA ) , which lost 8.3% and 7.3%, respectively.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) , which advanced 2.8%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank ( HDB ) , which increased 0.4% and 0.1%, respectively.

The decliners from South Asia were led by IT firms Infosys ( INFY ) and Wipro ( WIT ) , which dropped 2.3% and 1.6%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 0.6% each.