Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.59% to 2,618.27 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and brand platform Baozun (BZUN), which climbed 13.8% and 7.3% respectively. They were followed by automotive platform Token Cat (TC) and computer hardware maker Canaan (CAN), which advanced 5.6% and 4.3% respectively.

The decliners from North Asia were led by fintech firm Pintec Technology (PT) and utilities company Korea Electric Power (KEP), which fell 7.5% and 2.5% respectively. They were followed by healthcare platform 111 (YI) and game live-streaming service DouYu International (DOYU), which dropped 0.6% and 0.2% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which rose 1.5% and 0.7% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which were up 0.4% and 0.3% respectively.

The decliners from South Asia were led by IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 3% and 2.1% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT company Wipro (WIT), which were down 1.2% each.