Asian equities traded in the US as American depositary receipts were tracking sharply lower Thursday morning, falling 1.48% to 2,739.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by video-sharing platform Bilibili (BILI) and fintech firm Maase (MAAS), which climbed 3.8% and 3.5% respectively. They were followed by lender CNFinance (CNF) and music streaming service Tencent Music Entertainment Group (TME), which advanced 3.2% and 1.1% respectively.

The decliners from North Asia were led by tech companies Xunlei (XNET) and Baidu (BIDU), which fell 5.4% and 4.4% respectively. They were followed by electric vehicle maker NIO (NIO) and brand platform Baozun (BZUN), which were down 4.2% and 2.9% respectively.

From South Asia, the gainers were led by IT firms Wipro (WIT) and Infosys (INFY), which rose 2.3% and 1.2% respectively. They were followed pharmaceutical company Dr. Reddy's Laboratories (RDY) and by telecommunications operator Telekomunikasi Indonesia (TLK), which were up 0.8% and 0.4% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT company Sify Technologies (SIFY), which dropped 4% and 4% respectively. They were followed by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which were off 0.7% and 0.1% respectively.