Asian equities traded in the US as American depositary receipts jumped 3.20% on the S&P Asia 50 ADR Index to 2,468.43 Wednesday morning after the US announced a trade deal with Japan.

From North Asia, the gainers were led by fintech firm LexinFintech (LX) and automaker Honda Motor (HMC), which climbed 13% and 12% respectively. They were followed by financial services companies Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), which advanced 5.9% and 5.7% respectively.

The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and solar panel maker JinkoSolar (JKS), which fell 4.4% and 2% respectively. They were followed by automotive marketplace Cango (CANG) and fintech company Pintec Technology (PT), which dropped 1.7% and 0.8% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and tech conglomerate Sea (SE), which rose 2.4% each. They were followed by IT firm Wipro (WIT) and financial services company HDFC Bank (HDB), which were up 1.5% and 0.4% respectively.

The lone decliner from South Asia was telecommunications operator PLDT (PHI), which was off 0.3%.