Asian equities traded in the US as American depositary receipts were tracking sharply higher Wednesday morning, rising 2.10% to 2,670.87 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform Baozun (BZUN) and travel company Tuniu (TOUR), which climbed 12% and 6.1%, respectively. They were followed by computer hardware maker Canaan (CAN) and online discount retailer Vipshop (VIPS), which advanced 5.8% and 4.9%, respectively.

The decliners from North Asia were led by wealth management firm Noah (NOAH) and mobile big data platform Aurora Mobile (JG), which fell 4.6% and 4.4%, respectively. They were followed by education company 17 Education & Technology Group (YQ) and semiconductor company Silicon Motion Technology (SIMO), which dropped 2.9% and 2.5%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which rose 4.6% and 3.9%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 2.8% and 2.3%, respectively.

There were no decliners from South Asia.