Asian equities traded in the US as American depositary receipts were rising sharply Tuesday morning, climbing 2.25% to 2,295.95 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by utilities company Korea Electric Power (KEP) and automotive ecommerce platform Token Cat (TC), which advanced 21% and 7%, respectively. They were followed by biotech firm Zai Lab (ZLAB) and computer hardware maker Canaan (CAN), which climbed 5.4% and 4.6%, respectively.

The decliners from North Asia were led by fintech firm Maase (MAAS) and pet-focused platform Boqii (BQ), which fell 39% and 1.5%, respectively. They were followed by solar project developer Emeren Group (SOL) and healthcare platform 111 (YI), which were down 1.5% and 0.1%, respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which rose 1.7% and 1.2%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were up 1% and 0.5%, respectively.

There were no decliners from South Asia.