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.