Asian equities traded in the US as American depositary receipts were sharply lower Tuesday morning, declining 1.14% to 2,240.46 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online brokerage UP Fintech (TIGR) and automotive ecommerce platform Cango (CANG), which climbed 14% and 8.3%, respectively. They were followed by consumer lending firm Eason Technology (DXF) and music streaming service Tencent Music Entertainment Group (TME), which advanced 7.7% and 7.3%, respectively.

The decliners from North Asia were led by game-centric live streaming platforms HUYA (HUYA) and DouYu International (DOYU), which tumbled 17% and 10%, respectively. They were followed by video-based social media site JOYY (YY) and computer hardware maker Canaan (CAN), which fell 4.7% and 3.8%, respectively.

From South Asia, the gainers were led by financial services companies ICICI Bank (IBN) and HDFC Bank (HDB), which rose 1.6% and 1%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which was up 0.7%.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 5.2% and 3.6%, respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which lost 2.4% and 2.1%, respectively.