Asian equities traded in the US as American depositary receipts were higher on Monday morning, up 0.9% to 2,313.18 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biotech firm I-Mab (IMAB) and cosmetics and skincare company Yatsen (YSG), which advanced 18% and 8%, respectively.

They were followed by technology companies Xunlei (XNET) and Tuya (TUYA), which climbed 9% and 6.5%, respectively.

The decliners from North Asia were led by pet-focused online platform Boqii (BQ) and tea drinks brand Chagee (CHA), which fell 6.9% and 3%, respectively.

From South Asia, the gainers were led by technology company Wipro (WIT), which rose 1%.

The decliners from South Asia were led by HDFC Bank (HDB), which fell 1.7%, followed by ICICI Bank (IBN), which was down 1.4%.