Asian equities traded in the US as American depositary receipts were heading lower Monday morning, falling 2.75% to 2,159.59 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by education company Four Seasons Education FEDU and advertising agency iClick Interactive Asia Group Limited ICLK, which rose 3.7% and 2.1%, respectively. They were followed by ecommerce fashion platform MOGU MOGU and NIO NIO, which were up 2% and 1.9%, respectively.

The decliners from North Asia were led by semiconductor company Himax Technologies HIMX and computer hardware maker Canaan CAN, which fell 9% and 8.7%, respectively. They were followed by video-sharing site Bilibili BILI and online brokerage UP Fintech TIGR, which dropped 7.3% and 5.1%, respectively.

From South Asia, the lone gainer was telecommunications operator PLDT DTEL, which was up 0.6%.

The decliners from South Asia were led by tech conglomerate Sea SE and telecommunications operator Telekomunikasi Indonesia TLKM, which lost 6.2% and 2.2%, respectively. They were followed by IT firms Wipro WIPRO and Sify Technologies SIFY, which were down 1.1% and 1%, respectively.