Asian equities traded in the US as American depositary receipts started the week lower Monday morning, falling 1.26% to 2,429.33 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and automotive marketplace Token Cat (TC), which rose 4.8% and 2.7% respectively. They were followed by education company 17 Education & Technology Group (YQ) and financial services company CNFinance (CNF), which were up 2.5% and 2.1% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and mobile healthcare platform 111 (YI), which fell 10% and 7.7% respectively. They were followed by consumer lending firm LexinFintech (LX) and financial services company Shinhan Financial Group (SHG), which dropped 6% and 5.9%.

From South Asia, the only gainers were tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.1% and 0.6% respectively.

The decliners from South Asia were led by IT firms Wipro (WIT) and Sify Technologies (SIFY), which lost 2.7% and 1.4% respectively. They were followed by financial services company HDFC Bank (HDB) and IT firm Infosys (INFY), which were down 1.3% and 1.1%.