Asian equities traded in the US as American depositary receipts kicked off the week higher Monday morning, rising 0.70% to 2,874.55 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by healthcare platform 111 (YI) and internet and data center services provider VNET Group (VNET), which rose 5.5% and 3%, respectively. They were followed by casino and resort operator Melco Resorts & Entertainment (MLCO) and semiconductor company Silicon Motion Technology (SIMO), which were up 2.8% and 1.3%, respectively.

The decliners from North Asia were led by consumer lender Eason Technology (DXF) and brand platform 36Kr (KRKR), which dropped 8.7% and 8%, respectively. They were followed by fashion platform MOGU (MOGU) and computer hardware maker Canaan (CAN), which lost 7.9% and 6.4%, respectively.

From South Asia, the gainers were led by IT firms Sify Technologies (SIFY) and Wipro (WIT), which advanced 4.7% and 3.7%, respectively. They were followed by telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which increased 1.5% and 0.8%, respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which fell 2.1%, followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were down 0.9% and 0.8%, respectively.