10:39 AM EST, 11/18/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts kicked off the week moving higher, rising 0.59% to 2,027.51 Monday morning on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by fintech firm Qifu Technology ( QFIN ) and e-commerce fashion platform MOGU ( MOGU ) , which rose 4.8% and 4.6%, respectively. They were followed by electric vehicle maker NIO (NIO) and video-sharing platform Bilibili ( BILI ) , which were up 4.1% each.

The decliners from North Asia were led by automotive e-commerce platform Cango ( CANG ) and advertising firm iClick Interactive Asia Group ( ICLK ) , which fell 4.8% and 3.8%, respectively. They were followed by biotech firm Zail Lab (ZLAB) and media company Phoenix New Media ( FENG ) , which lost 3.4% each.

From South Asia, the gainers were led by IT firm Sify Technologies ( SIFY ) and tech conglomerate Sea (SE), which increased 3.4% and 2.6%, respectively. They were followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT ( PHI ) , which rose 2.4% and 0.5% respectively.

The only decliners from South Asia were pharmaceutical company Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which were off 0.7% and 0.4% respectively.