10:31 AM EST, 12/16/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts opened the week lower on Monday morning, declining 0.39% to 2,093.35 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by e-commerce brand platform Baozun ( BZUN ) and automotive e-commerce platform Cango ( CANG ) , which surged 21% and 14% respectively. They were followed by solar project developer Emeren Group ( SOL ) and mobile app developer Cheetah Mobile ( CMCM ) , which climbed 7.8% and 3.9% respectively.

The decliners from North Asia were led by solar panel maker JinkoSolar ( JKS ) and healthcare platform 111 (YI), which fell 7.2% and 6.6% respectively. They were followed by financial services company CNFinance ( CNF ) and polysilicon manufacturer Daqo New Energy ( DQ ) , which dropped 4.6% and 4% respectively.

From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Sify Technologies ( SIFY ) , which increased 2.4% and 0.9% respectively. They were followed by IT firm Infosys ( INFY ) and financial services company ICICI Bank ( IBN ) , which were off 0.4% and 0.3% respectively.

The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which lost 1.3% and 1.1% respectively. They were followed by IT firm Wipro ( WIT ) and telecommunications operator PLDT ( PHI ) , which were off 0.7% and 0.6% respectively.