Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.43% to 2,838.84 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by brand platform Baozun (BZUN) and tech conglomerate Alibaba Group (BABA), which climbed 9.1% and 8.8%, respectively. They were followed by solar panel maker JinkoSolar (JKS) and tech company Xunlei (XNET), which advanced 6.3% and 6%, respectively.
The decliners from North Asia were led by consumer lender Eason Technology (DXF) and used car marketplace Uxin (UXIN), which fell 4% and 3.8%, respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and diagnostic imaging centers company Concord Medical Services (CCM), which were down 2.3% and 1.9%, respectively.
From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which rose 2.1% and 1.2%, respectively. They were followed by IT firm Wipro (WIT) and telecommunications operator PLDT (PHI), which were up 0.9% and 0.8%, respectively.
The only decliners from South Asia were tech conglomerate Sea (SE) and IT company Infosys (INFY), which lost 2.1% and 1%, respectively.
