10:37 AM EDT, 04/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts started the week on a positive note and were trending higher Monday morning, rising 0.5% to 1,873.2 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile (CMCM) and video-sharing site iQIYI (IQ), which climbed 9% and 4% respectively. They were followed by utilities company Korea Electric Power (KEP) and financial services firm CNFinance (CNF), which rose 3.1% and 1%, respectively.

The decliners from North Asia were led by online educational platform 51Talk Online Education Group (COE) and media company Phoenix New Media (FENG), which dropped 5.7% each. They were followed by e-commerce fashion platform Mogu (MOGU) and fintech firm AMTD Digital (HKD), which lost 5.6% and 2.7%, respectively.

From South Asia, the gainers were led by biotech company ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which were up 3.6% and 2.5% respectively. They were followed by financial services company HDFC Bank (HDB) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 0.7% and 0.6% respectively.

The decliners from South Asia were led by business process management company WNS (WNS) and IT firm Infosys (INFY), which fell 5.4% and 1.6% respectively. They were followed by financial services company ICICI Bank (IBN) and IT firm Wipro (WIT), which were off 1% each.

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