Asian equities traded in the US as American depositary receipts were sharply lower Tuesday morning, falling 1.8% to 2,934.44 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automative marketplace Token Cat (TC) and mobile app developer Cheetah Mobile (CMCM), which rose 4.4% and 3.4% respectively. They were followed by fintech firm LexinFintech (LX) and casino and resort operator Melco Resorts & Entertainment (MLCO), which advanced 3.3% and 1.9% respectively.

The decliners from North Asia were led by automotive marketplace Cango (CANG) and mobile big data platform Aurora Mobile (JG), which fell 8.4% and 6% respectively. They were followed by lenders Sumitomo Mitsui Financial Group (SMFG) and Mitsubishi UFJ Financial Group (MUFG), which were down 4.3% and 3.6% respectively.

From South Asia, the gainers were led by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.3% and 1.1% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which increased 0.5% and 0.1% respectively.

The decliners from South Asia were led by IT company Sify Technologies (SIFY), which dropped 2.7%, followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which lost 1.4% and 0.2% respectively.