10:31 AM EST, 11/04/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts opened the week higher Monday morning, rising 0.52% to 2,072.20 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by used car ecommerce platform Uxin ( UXIN ) and consumer lending firm LexinFintech ( LX ) , which climbed 8.6% and 8.5% respectively. They were followed by pet-focused platform Boqii ( BQ ) and mobile app developer Cheetah Mobile ( CMCM ) , which advanced 7.1% and 6.2% respectively.

The decliners from North Asia were led by automotive ecommerce platform Cango ( CANG ) and financial services company CNFinance ( CNF ) , which fell 11% and 6.7% respectively. They were followed by computer hardware maker Canaan (CAN) and automotive ecommerce platform TuanChe ( TC ) , which dropped 5.6% and 5.2% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 1.4% and 0.4% respectively. They were followed by IT firm Infosys ( INFY ) and tech conglomerate Sea (SE), which were up 0.2% each.

The only decliner from South Asia was telecommunications operator PLDT ( PHI ) , which was down 1.1%.