Asian equities traded in the US as American depositary receipts were slightly higher on Thursday morning, up 0.04% to 2,458.00 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by electric vehicle maker Xpeng (XPEV) and private education provider Lixiang Education (LXEH), which advanced 9.9% and 9.8%, respectively.

They were followed by fintech platform X Financial (XYF) and retailer Miniso (MNSO), which climbed 9.6% and 8.2%, respectively.

The decliners from North Asia were led by data center operator GDS (GDS) and e-commerce firm Dingdong (DDL), which were each falling 4.3%.

They were followed by Internet and data center service provider VNET (VNET), which dropped 4%, and technology firm Xunlei (XNET), down 3.6%.

From South Asia, the gainers were led by pharmaceutical company Dr Reddy's Laboratories (RDY) and financial services company HDFC Bank (HDB), which rose 2.2% and 0.7%, respectively.

The decliners from South Asia were led by technology company Infosys (INFY), which was shedding 0.3%.