Asian equities traded in the US as American depositary receipts were trending higher Monday morning, up 0.6% to 2,794.74 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car retailer Uxin (UXIN) and computer hardware manufacturer Canaan (CAN), which advanced 8.3% and 8.2%, respectively.

They were followed by commercial-stage biopharmaceutical company Zai Lab (ZLAB) and housing transactions and services platform KE (BEKE), which climbed 6% and 5%, respectively.

The decliners from North Asia were led by electric vehicle maker Nio (NIO) and commercial-stage biotechnology company Legend Biotech (LEGN), which fell 5.4% and 4.5%, respectively.

They were followed by internet and games services company NetEase (NTES) and EV maker Xpeng (XPEV), which dropped 4.3% and 3.8%, respectively.

From South Asia, the gainers were led by IT service management company Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which rose 13% and 5.3%, respectively.

The decliners from South Asia were led by HDFC Bank (HDB), which fell 4.1%, followed by tech company Wipro (WIT), which was down 2.2%.