10:37 AM EDT, 04/08/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were rebounding sharply Tuesday morning, surging 2.9% to 1,926.5 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car ecommerce platform Uxin ( UXIN ) and resort and casino operator Melco Resorts & Entertainment ( MLCO ) , which climbed about 10% and 7.8% respectively. They were followed by advertising agency 36Kr (KRKR) and financial services company Sumitomo Mitsui Financial Group ( SMFG ) , which advanced 7.3% and 7% respectively.

The decliners from North Asia were led by pet-focused platform Boqii ( BQ ) and media company Phoenix New Media ( FENG ) , which fell 10% and 5.5% respectively. They were followed by polysilicon manufacturer Daqo New Energy ( DQ ) and internet and data center services provider VNET Group ( VNET ) , which dropped 4.8% and 3% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator PLDT ( PHI ) , which rose 4% and 3.9% respectively. They were followed by financial services company HDFC Bank ( HDB ) and IT firm Wipro ( WIT ) , which were up 2.8% and 1.9% respectively.

The lone decliner from South Asia was telecommunications operator Telekomunikasi Indonesia (TLK), which was down 1.8%.