Depository receipts of Asian stocks contracted slightly on
Monday morning, falling 0.14% to 154.69 on the Bank of New York
Mellon ADR Index.
Declines in Indian banking institutions were partially offset by
gains in solar companies and internet-based service providers.
China Finance Online (
), led the gainers in North Asia, expanding 19.69%. Solar energy
company Yingli Green Energy (
) lifted 4.2% and Trina Solar (
), a Chinese manufacturer of photovoltaic modules, expanded
In South Asia, Hyderabad-based pharmaceutical company Dr Reddy's
) jumped 1.02%, followed by Wipro (
), an IT services and consulting company, which expanded 0.86% and
SIFY (SIFY), an information and communications technology company,
which lifted 0.5%.
Decliners in North Asia were led by Jumei (JMEI), an online
retailer of beauty products, which fell 3.72%, followed by Bitauto
(BITA), a provider of internet content and marketing services, down
1.32%. Autohome (ATHM), the Chinese auto information website, was
In South Asia, telecommunications services company
Telekomunikasi Indonesia (TLK) led the decliners, dropping 1.36%.
It was followed by HDFC (HDB), the Indian banking and financial
services company, also down 0.88%, and Indian bank ICICI Bank
(IBN), down 0.62%.
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