10:37 AM EDT, 05/12/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts surged Monday morning, climbing 3.4% to 2,226.7 on the S&P Asia 50 ADR Index, as investors welcomed US and China trade talks.

From North Asia, the gainers were led by internet and data center services provider VNET Group ( VNET ) and computer hardware maker Canaan (CAN), which jumped past 20% and 14% respectively. They were followed by diagnostic imaging centers company Concord Medical Services ( CCM ) and fintech firm LexinFintech ( LX ) , which rose over 12% and 11% respectively.

The decliners from North Asia were led by Highest Performances ( MAAS ) , which fell 8.8%, followed by pharmaceutical company Takeda Pharmaceutical ( TAK ) and utilities provider Korea Electric Power ( KEP ) , which dropped 2.3% and 1.1% respectively.

From South Asia, the gainers were led by IT firms Infosys ( INFY ) and Sify Technologies ( SIFY ) , which climbed 5.8% and 5% respectively. They were followed by IT company Wipro ( WIT ) and financial services company ICICI Bank ( IBN ) , which were up 4.8% and 3.6% respectively.

There were no decliners from South Asia.