10:45 AM EDT, 05/13/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts started the week on a positive note Monday morning, rising 0.71% to 1,911.34 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by video-sharing service Bilibili ( BILI ) and biotech firm Zai Lab ( ZLAB ) , which climbed 13% and 11% respectively. They were followed by online brokerage UP Fintech ( TIGR ) and brand platform Baozun ( BZUN ) , which advanced 10% and 9.3% respectively.

The decliners from North Asia were led by automotive ecommerce platform TuanChe ( TC ) and utilities company Korea Electric Power ( KEP ) , which fell 11% and 5.1% respectively. They were followed by ecommerce fashion platform MOGU ( MOGU ) and computer hardware maker Canaan (CAN), which lost 3.2% and 2.6% respectively.

From South Asia, the gainers were led by business process management company WNS (WNS) and financial services company HDFC Bank ( HDB ) , which rose 1.9% and 1.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT ( PHI ) , which were up 1% each.

The decliners from South Asia were led by biotech firm ASLAN Pharmaceuticals ( ASLN ) , which dropped 2.7%, followed by tech conglomerate Sea (SE) and IT firm Sify Technologies ( SIFY ) , which were down 1.4% and 0.8% respectively.