Asian equities traded in the US as American depositary receipts were edging higher Monday morning, rising 0.15% to 2,948.83 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy (DQ) and tech company Alibaba Group (BABA), which rose 9.8% and 5% respectively. They were followed by brand platform Baozun (BZUN), which gained 3.1%.

The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO) and lender Sumitomo Mitsui Financial Group (SMFG), which fell 3.3% and 2.8% respectively. They were followed by internet and data center services provider VNET Group (VNET), which lost 2.6%.

From South Asia, the gainers were led by IT firm Wipro (WIT), which rose 3.3%. It was followed by ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.7% and 0.9% respectively.