Asian equities traded in the US as American depositary receipts tracked higher Wednesday morning, rising 0.38% to 2,719.16 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and fintech firm Jiayin Group (JFIN), which rose 6.5% and 4.1% respectively. They were followed by fintech company Qfin (QFIN) and polysilicon manufacturer Daqo New Energy (DQ), which were up 3.9% and 2.7% respectively.

The decliners from North Asia were led by consumer lending firm Eason Technology (DXF) and used car platform Uxin (UXIN), which fell 8.9% and 2.9% respectively. They were followed by utilities company Korea Electric Power (KEP) and lender Sumitomo Mitsui Financial Group (SMFG), which lost 1.5% and 1.4% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which increased 1.7% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which advanced 1.3% and 0.8% respectively.

The only decliners from South Asia were IT firm Sify Technologies (SIFY) and lender HDFC Bank (HDB), which were down 1.4% and 0.2% respectively.