Asian equities traded in the US as American depositary receipts opened the week modestly higher Monday morning, rising 0.10% to 2,989.81 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by electric vehicle maker NIO (NIO) and thin-film liquid display maker LG Display (LPL), which advanced 5.7% and 3.6%, respectively. They were followed by online game developer The9 (NCTY) and healthcare platform 111 (YI), which increased 3.5% and 2.7,% respectively.

The decliners from North Asia were led by automotive marketplace Cango (CANG) and computer hardware Canaan (CAN), which dropped 7% and 5.5,% respectively. They were followed by fintech firm Jiayin Group (JFIN) and travel company Tuniu (TOUR), which lost 2.7% and 1.6% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 1.6% each. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which were up 1.2% and 0.7%, respectively.

The decliners from South Asia were led by Infosys (INFY) and IT firms Wipro (WIT), which fell 4% and 2.9% respectively. They were followed by IT company Sify Technologies (SIFY) and tech conglomerate Sea (SE), which were down 1.6% and 0.7%, respectively.