Asian equities traded in the US as American depositary receipts were rising on Tuesday morning, up 0.2% to 2,716.64 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by electric vehicle manufacturers Nio (NIO) and Xpeng (XPEV), which climbed 6.2% and 5.9% respectively.

They were followed by technology company Baidu (BIDU), which added 4.7%.

The decliners from North Asia were led by clinical-stage biotechnology company Adlai Nortye (ANL) and e-commerce company Vipshop (VIPS), which fell 11% and 3.9% respectively.

They were followed by insurance platform Waterdrop (WDH), which declined 3.2%.

From South Asia, the gainers were led by financial services company HDFC Bank (HDB), which added 0.3%.

The decliners from South Asia were led by tech company Wipro (WIT), which dropped 1.2%, followed by telecommunications company PLDT (PHI), which shed 0.2%.