Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, advancing 1.26% to 2,707.38 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and utilities company Korea Electric Power (KEP), which increased 6.9% and 5.4% respectively. They were followed by brand platform 36Kr (KRKR) and automotive marketplace Token Cat (TC), which climbed 3.9% and 3.8% respectively.

The decliners from North Asia were led by fintech firm AMTD Digital (HKD) and pet-focused platform Boqii (BQ), which fell 7.8% and 5.7% respectively. They were followed by media company Phoenix New Media (FENG) and semiconductor company Himax Technologies (HIMX), which were down 4.8% and 1.4% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which rose 5.2% and 2.8% respectively. They were followed by IT companies Infosys (INFY) and Wipro (WIT), which were up 1.2% and 1% respectively.

The only decliners from South Asia were telecommunications operator PLDT (PHI) and lender ICICI Bank (IBN), which were off 0.8% and 0.2% respectively.