Asian equities traded in the US as American depositary receipts were lower Wednesday morning, declining 1.1% to 2,624.04 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and computer hardware maker Canaan (CAN), which rose 7% and 2.7% respectively. They were followed by tech companies Xunlei (XNET) and Cango (CANG), which were up 0.4% and 0.8% respectively.

The decliners from North Asia were led by automotive market place Token Cat (TC) and consumer lender Eason Technology (DXF), which fell 6% and 12% respectively. They were followed by fintech company Pintec Technology (PT) and pet-focused platform Boqii (BQ), which were down 1.5% and 1.4% respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which advanced 0.7% and 1.6% respectively. They were followed by IT company Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.7% and 0.3% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which dropped 3.3% and 1.1% respectively. They were followed by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which lost 0.8% and 0.4% respectively.