10:49 AM EDT, 09/09/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.69% to 1,883.68 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile ( CMCM ) and travel company Tuniu ( TOUR ) , which rose 8.5% and 4.8% respectively. They were followed by electric vehicle maker NIO (NIO) and media company Phoenix New Media ( FENG ) , which increased 4.7% and 4.4% respectively.

The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and used car ecommerce platform Uxin ( UXIN ) , which fell 6.1% and 2%, respectively. They were followed by video-sharing platform Bilibili ( BILI ) , which declined 1.7%.

From South Asia, the gainers were led by financial services companies ICICI Bank ( IBN ) and HDFC Bank ( HDB ) , which were up 2.2% and 1.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 0.9% and 0.7% respectively.

The decliners from South Asia were led by IT firm Sify Technologies ( SIFY ) , which lost 6.3%, followed by IT firm Wipro ( WIT ) and telecommunications operator PLDT ( PHI ) , which were off 0.6% and 0.4% respectively.