Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.03% to 2,550.48 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by brand platform 36Kr (KRKR) and semiconductor company ASE Technology (ASX), which jumped 57.5% and 9.1% respectively. They were followed by tech company Baidu (BIDU) and fintech firm Pintec Technology (PT), which climbed 6% and 5.2% higher.

The decliners from North Asia were led by financial services company CNFinance (CNF) and game live-streaming service HUYA (HUYA), which shed 30.2% and 4.6% respectively. They were followed by thin-film liquid display maker LG Display (LPL) and used car platform Uxin (UXIN), which fell 4.6% and 0.9% respectively.

From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Infosys (INFY), which rose 1.5 and 1.1% respectively. They were followed by IT company Wipro (WIT) and financial services firm ICICI Bank (IBN), which were up 0.6% 0.1% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.4% and 1% respectively. They were followed by telecommunications operator PLDT (PHI) and financial services company HDFC Bank (HDB), which were off 0.5% and 0.2% respectively.