Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, climbing 1.32% to 2,763.47 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Silicon Motion Technology (SIMO) and internet and data center services provider VNET Group (VNET), which rose 6.4% and 5.1% respectively. They were followed by e-commerce company Baidu (BIDU) and tech company Xunlei (XNET), which were up 4.9% and 3.9% respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and game-streaming service HUYA (HUYA), which fell 4% and 3% respectively. They were followed by used car marketplace Uxin (UXIN) and credit-tech platform Qfin (QFIN), which were down 2.1% and 1.9% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE), which advanced 3.1%, followed by lender HDFC Bank (HDB) and IT firm Wipro (WIT), which increased 1% and 0.2% respectively.

The decliners from South Asia were led by IT company Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 3.4% and 1.1% respectively. They were followed by IT company Infosys (INFY) and telecommunications operator PLDT (PHI), which were off 0.5% and 0.3% respectively.