Asian ADRs Move Higher in Tuesday Trading

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American depository receipts of Asian stocks were trading 1.21% higher at 145.54 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by Korean steel company POSCO ( PKX ), which rose 2.8%, followed by wireless telecommunications company SK Telecom ( SKM ), and technology company NetEase ( NTES ), which gained 2.6% each. International ( CTRP ), a provider of travel services was up 2.5%.

The decliners in North Asia were led by commercial vehicle wheel manufacturer China Zenix Auto International ( ZX ) and telecommunications firm China Unicom (CHU), which fell 3.5% and 2% each. They were followed by marketing and branding company Acorn (ATV), and solar equipment maker SPI Energy (SPI), which dropped 1.7% and 1.5% respectively.

In South Asia, the gainers were led by ICICI Bank (IBN), which rose 5%, followed by IT firms Wipro (WIT) and SIFY (SIFY), which were up 2.5%, and 1.9% respectively. WNS Holdings (WNS), a provider of business process management services increased 1.8%.

Direct-to-home video provider Videocon d2h (VDTH) was the only decliner in South Asia, edging 0.24% lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Stocks
Referenced Symbols: PKX , SKM , NTES , CTRP , ZX

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