Asian equities traded in the US as American depositary receipts kicked off the week moving higher Monday morning, rising 0.90% to 1,975.76 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and wealth management firm Noah (NOAH), which climbed 13% and 7.2%, respectively. They were followed by online education platform 51Talk Online Education Group (COE) and mobile big data platform Aurora Mobile (JG), which increased 6.4% and 5.5%, respectively.
The decliners from North Asia were led by media company Phoenix New Media (FENG), which fell 8.4% and e-commerce fashion platform MOGU (MOGU), which retreated 5.7%. Online entertainment provider iQIYI (IQ) was down 5.6% and brand platform 36Kr (KRKR) retreated 5.4%.
From South Asia, the gainers were led by Dr. Reddy's Laboratories (RDY), which rose 2.2%, followed by financial services company HDFC Bank (HDB) and business process management company WNS (WNS), which were up 1.9% and 0.4%, respectively.
The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which lost 14% and 3.3%, respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT firm Wipro (WIT), which were down 2.8% and 2.5%, respectively.
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