Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.62% to 2,633.31 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by consumer lending firm LexinFintech (LX) and fintech firm Chaince Digital (CD), which climbed 5.9% and 22% respectively. They were followed by travel company Tuniu (TOUR) and internet and data center service provider VNET Group (VNET), which advanced 1.8% and 5.8.% respectively.

The decliners from North Asia were led by fintech firm Pintec Technology (PT) and online discount retailer Vipshop (VIPS), which dropped 2.9% and 0.9% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and tech conglomerate Sea (SE), which rose 3.6% and 3% respectively. They were followed by IT firms Infosys (INFY) and Sify Technologies (SIFY), which were up 1.5% and 7.9% respectively.

The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 1.7%, followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which were down 0.9% and 0.3% respectively.