Asian equities traded in the US as American depositary receipts were tracking modestly lower Monday morning, down 0.1% to 2,793.1 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Qfin (QFIN) and mobile app developer Cheetah Mobile (CMCM), which rose 2.1% each, and lender Mitsubishi UFJ Financial Group (MUFG), which was up 1.5%.

The decliners from North Asia were led by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which fell 5.6% and 4.5% respectively. They were followed by computer hardware maker Canaan (CAN) and music streaming service Tencent Music Entertainment Group (TME), which dropped 1.2% and 0.3% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which advanced 2.4% and 1.2% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 0.6% and 0.3% respectively.

The decliners from South Asia were IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 3.7% and 2.6% respectively.