Asian equities traded in the US as American depositary receipts kicked off the week surging higher Monday morning, advancing 2.94% to 2,931.62 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Jiayin Group (JFIN) and education company 17 Education & Technology Group (YQ), which climbed 7.2% and 6.9% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and automotive company Honda Motor (HMC), which increased 6.8% and 5% respectively.

The decliners from North Asia were led by tech company Token Cat (TC), which tumbled 13%. It was followed by real estate management and digital security firm Eason Technology (DXF) and fintech company J and Friends (JF), which shed 7.4% and 3.1% respectively.

From South Asia, the gainers were led by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which rose 5.5% and 2.4% respectively. They were followed by IT firm Sify Technologies (SIFY) and tech conglomerate Sea (SE), which were up 1.6% and 1.2% respectively.

The decliners from South Asia were led by IT firm Infosys (INFY), which fell 2.1%. It was followed by IT company Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were down 1.9% and 0.7% respectively.