10:40 AM EST, 12/02/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply higher Monday morning, rising 1.43% to 2,074.10 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by solar panel maker JinkoSolar ( JKS ) and solar project developer Emeren Group ( SOL ) , which rose 11.7% and 2.4% respectively. They were followed by online game developer The9 ( NCTY ) and used car ecommerce platform Uxin ( UXIN ) , up 5.8% and 2.5% respectively.

The decliners from North Asia were led by credit-tech platform Qifu Technology ( QFIN ) and healthcare platform 111 (YI), which dropped 5.1% and 2.6% respectively. They were followed by utilities company Korea Electric Power ( KEP ) and consumer lending firm Qudian ( QD ) , which fell 4.6% and 4.3% respectively.

From South Asia, the gainers were led by telecommunications operator PLDT ( PHI ) , which rose 1.2%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys ( INFY ) , which increased 1.3% and 0.2% respectively.

The decliners from South Asia were led by telecommunications operator Telekomunikasi Indonesia (TLK), which lost 2.2%, followed by IT firm Sify Technologies ( SIFY ) , which was off 0.6% respectively.