Asian equities traded in the US as American depositary receipts were sharply lower Thursday morning, falling 1.88% to 2,715.43 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and education company 17 Education & Technology Group (YQ), which rose 4.1% and 2.8% respectively. They were followed by travel company Tuniu (TOUR) and brand platform 36Kr (KRKR), which were up 2.6% and 1.9% respectively.

The decliners from North Asia were led by fashion platform MOGU (MOGU) and fintech firm Jiayin Group (JFIN), which fell 5.6% and 5.1% respectively. They were followed by video display maker LG Display (LPL) and tech company Baidu (BIDU), which were down 3.7% and 3.5% respectively.

From South Asia, the lone gainer was IT firm Sify Technologies (SIFY), which edged 0.2% higher.

The decliners from South Asia were led by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which dropped 2.3% and 2.2% respectively. They were followed by lender HDFC Bank (HDB) and IT firm Wipro (WIT), which lost 1.5% and 1% respectively.