Asian equities traded in the US as American depositary receipts were tracking higher Tuesday morning, rising 0.74% to 2,990.91 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by healthcare platform 111 (YI) and semiconductor company Himax Technologies (HIMX), which rose 7.9% and 2.7% respectively. They were followed by utilities provider Korea Electric Power (KEP) and biopharmaceutical company Zai Lab (ZLAB), which increased 3.4% and 2.5% respectively.

The decliners from North Asia were led by online game developer The9 (NCTY) and polysilicon manufacturer Daqo New Energy (DQ), which shed 15% and 3.3% respectively. They were followed by automotive company Honda Motor (HMC), which dropped 2.7%.

From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which advanced 3.5% and 2.2% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.8% and 0.9% respectively.

The decliners from South Asia were led by telecommunications operator PLDT (PHI) and lender HDFC Bank (HDB), which fell 0.5% and 0.4% respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 0.3% and 0.4% respectively.