Asian equities traded in the US as American depositary receipts started the week with a steep drop Monday morning, falling 1.43% to 2,657.09 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and lender CNFinance (CNF), which advanced 4.7% and 4.2% respectively. They were followed by healthcare platform 111 (YI) and media company Phoenix New Media (FENG), which increased 3.6% and 3.5% respectively.

The decliners from North Asia were led by automotive marketplace Cango (CANG) and video-streaming platform iQIYI (IQ), which lost 9% and 6% respectively. They were followed by utilities company Korea Electric Power (KEP) and fintech firm Jiayin Group (JFIN), which dropped 3.3% and 3.5% respectively.

There were no gainers from South Asia.

The decliners from South Asia were led by tech conglomerate Sea (SE) and IT firm Sify Technologies (SIFY), which fell 4.4% and 4.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were down 3% and 2.5% respectively.