Asian equities traded in the US as American depositary receipts opened the week tracking modestly lower Monday morning, declining 0.20% to 2,861.92 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and biopharmaceutical company Zai Lab (ZLAB), which surged 18.4% and 9.7% respectively. They were followed by education company 51Talk Online Education Group (COE) and education company 17 Education & Technology Group (YQ), which climbed 9.2% and 4% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and utilities company Korea Electric Power (KEP), which dropped 11.5% and 5.2% respectively. They were followed by used car marketplace Uxin (UXIN) and video streamlining service iQIYI (IQ), which lost 2.9% and 0.4% respectively.

From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and fintech firm Trident Digital Tech (TDTH), which were up 0.7% and 0.5% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which fell 4.8% and 2.9% respectively. They were followed by IT firm Infosys (INFY) and lender HDFC Bank (HDB), which were down 2.3% and 1.9% respectively.