10:40 AM EDT, 05/20/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts started the week on a positive note Monday morning, rising 0.45% to 1,974.03 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 mobile app developer Cheetah Mobile ( CMCM ) , which climbed 15% and 11% respectively. They were followed by computer hardware maker Canaan (CAN) and online game developer The9 ( NCTY ) , which advanced 10% and 6% respectively.

The decliners from North Asia were led by property technology company Fangdd Network Group ( DUO ) and consumer lending firm Dunxin Financial ( DXF ) , which fell 18% and 3.3% respectively. They were followed by internet and data center services provider VNET Group ( VNET ) and video-sharing site Bilibili ( BILI ) , which dropped 3% and 2.6% respectively.

From South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 5.7% and 0.9% respectively. They were followed by business process management company WNS (WNS), which was up 0.3%.

The decliners from South Asia were led by tech conglomerate Sea (SE), which lost 2.1%, followed by telecommunications operators PLDT ( PHI ) and Telekomunikasi Indonesia (TLK), which were down 1% and 0.5% respectively.