Asian equities traded in the US as American depositary receipts edged lower Wednesday morning, declining 0.1% to 2,313.90 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by e-commerce fashion platform MOGU (MOGU) and automotive marketplace Token Cat (TC), which advanced 7.6% and 3.2% respectively. They were followed by fintech firm Maase (MAAS) and ecommerce company Baozun (BZUN), which rose 3.1% and 2.3% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and fintech firm LexinFintech (LX), which fell 4.9% and 4.5% respectively. They were followed by e-commerce company JD.com (JD) and tech company Alibaba Group (BABA), which dropped 3.6% and 3.5% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI), which increased 1.3%, followed by financial services company HDFC Bank (HDB) and IT firm Sify Technologies (SIFY), which were up 0.5% each.

The decliners from South Asia were led by IT company Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 1.1% and 0.3% respectively. They were followed by financial services company ICICI Bank (IBN) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 0.2% each.