Asian ADRs Move Lower in Tuesday Trading

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American depository receipts of Asian stocks were trading 0.48% lower at 177.43 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by media company Phoenix New Media ( FENG ), and polysilicon manufacturer Daqo New Energy ( DQ ), which surged 10.6% and 9.2% respectively. They were followed by airline operator China Eastern Airlines ( CEA ), up 6.3%, and Kingtone Wirelessinfo Solution ( KONE ), a provider of mobile enterprise solutions, up 4.5%.

The decliners in North Asia were led by commercial wheel manufacturer China Zenix Auto International ( ZX ), and Semiconductor Manufacturing International (SMI), which tumbled 10.9% and 9.2% respectively. They were followed by ATA (ATAI), a provider of computer-based testing services in China, down 4.3%, and IT firm ChinaCache (CCIH), lower 3.2%.

In South Asia, the gainers were led by IT firm SIFY Technologies (SIFY), which rose 1.3%, followed by digital entertainment company Sea Limited (SE), and telecommunications provider PLDT (PHI), which were up 0.8% and 0.7% respectively.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 1.6%, followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which dropped 0.7%. Telecommunications provider Telekomunikasi Indonesia (TLK), and HDFC Bank (HDB) were down 0.6% and 0.3% respectively.

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

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This article appears in: Investing , Stocks
Referenced Symbols: FENG , DQ , CEA , KONE , ZX

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