Asian equities traded in the US as American depositary receipts kicked off the holiday-shortened week on a positive note Monday morning, rising 1.04% to 2,062.40 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by automotive company Honda Motor (HMC) and solar project developer Emeren Group (SOL), which climbed 13% and 6.6% respectively. They were followed by consumer lending firm Qudian (QD) and fintech platform Jiayin Group (JFIN), which rose 4.1% and 3.8% respectively.

The decliners from North Asia were led by computer hardware maker Canaan (CAN) and brand platform 36Kr (KRKR), which fell 8.4% and 7.1% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and healthcare platform 111 (YI), which dropped 6.8% and 4.5% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), which rose 2.2%, followed by financial services company HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.5% and 0.1% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which were down 1.1% and 0.6% respectively. They were followed by IT firms Infosys (INFY) and Wipro (WIT), which were off 0.5% and 0.3% respectively.