Asian equities traded in the US as American depositary receipts started the week higher Monday, rising 0.44% to 2,969.70 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company ASE Technology (ASX) and internet and data center services provider VNET Group (VNET), which climbed 5.6% and 5.3% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and automotive marketplace Token Cat (TC), which advanced 3.5% and 3.3% respectively.

The decliners from North Asia were led by EV maker NIO (NIO) and education firm 51Talk Online Education Group (COE), which fell 3.9% and 3.6% respectively. They were followed by automotive firm Honda Motor (HMC), which was down 3.3%.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.9% and 0.8% respectively. They were followed by tech group Sea (SE), which rose 0.4%.

The decliners from South Asia were led by IT companies Infosys (INFY) and Wipro (WIT), which fell 3.1% and 2.2% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which lost 2% and 1.3% respectively.