Asian equities traded in the US as American depositary receipts fell Thursday morning with the S&P Asia 50 ADR Index dropping 0.9% to 2,705.21.

From North Asia, the decliners were led by used car platform Uxin (UXIN), which fell 7.4%. It was followed by computer hardware maker Canaan (CAN) and polysilicon manufacturer Daqo New Energy (DQ), which dropped 5.6% and 5.4% respectively.

The gainers from North Asia were led by pet-focused platform Boqii (BQ) and fintech firm Maase (MAAS), which surged 16% and 15% respectively. They were followed by lender Nomura (NMR) and brand platform 36Kr (KRKR), which increased 2.3% and 1.4% respectively.

From South Asia, the decliners were led by telecommunications operators PLDT (PHI) and Telekomunikasi Indonesia (TLK), which lost 2.1% and 1.7% respectively. They were followed by IT firms Wipro (WIT) and Infosys (INFY), which were down 1.2% and 1.1% respectively.

The gainers from South Asia were led by tech conglomerate Sea (SE), which rose 1.3%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 1.2% and 0.4% respectively.