Asian equities traded in the US as American depositary receipts opened the shortened trading week sharply lower Tuesday morning, falling 1.40% to 2,850.24 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by utilities company Korea Electric Power (KEP) and lender CNFinance (CNF), which rose 15% and 6.6%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and semiconductor company Silicon Motion Technology (SIMO), which were up 5.6% and 3.5%, respectively.

The decliners from North Asia were led by mobile big data platform Aurora Mobile (JG) and solar panel maker JinkoSolar (JKS), which fell 11% and 9.7%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and fintech firm J and Friends (JF), which were down 7.2% and 6.3%, respectively.

From South Asia, there were no gainers.

The decliners from South Asia were led by lender ICICI Bank (IBN) and IT firm Wipro (WIT), which dropped 5.1% and 4.5%, respectively. They were followed by IT companies Sify Technologies (SIFY) and Infosys (INFY), which lost 3.8% and 0.9%, respectively.