Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.82% to 2,881.75 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by tech company Alibaba Group (BABA) and diagnostic imaging centers company Concord Medical Services (CCM), which rose 7.1% and 6% respectively. They were followed by internet and data center services provider VNET Group (VNET) and fintech firm J and Friends (JF), which advanced 5.3% and 4% respectively.

The decliners from North Asia were led by utilities company Korea Electric Power (KEP) and automotive marketplace Cango (CANG), which were down 2.7% and 2.1% respectively. They were followed by tech company Xunlei (XNET) and lender Mitsubishi UFJ Financial Group (MUFG), which fell 1.8% each.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which increased 4.8% and 3.8% respectively. They were followed by telecommunications operator PLDT (PHI) and tech conglomerate Sea (SE), which were up 3.7% and 3.5% respectively.

The only decliner from South Asia was lender ICICI Bank (IBN), which was off 0.1%.