Autohome Leads Gainers as Asian ADRs Hit Nine-Day High

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Depository receipts of Asian stocks were trading higher on Monday morning, benefiting from gains seen in solar energy companies.

The Bank of New York Mellon Asia ADR Index was up 0.36% to 154.21, representing a nine day high.

In North Asia, Autohome ( ATHM ), an online destination for automobile consumers, led the gainers by a strong margin, trading 9.14% higher. Bitauto ( BITA ), a provider of internet content and marketing services for China's automotive industry, was also up 5.36%.

Solar panel manufacturer Yingli Green Energy ( YGE ) was up 3.90%, whilst semiconductor company Himax Technologies ( HIMX ) was up 2.16% and solar power product manufacturer JinkoSolar ( JKS ), was up 1.99%.

In South Asia, SIFY (SIFY), an information and communications technology company, saw a 0.99% gain and Infosys (INFY), an Indian multinational corporation, jumped 0.75%.

Decliners in North Asia were led by Qihoo 360 Technology (QIHU), a Chinese internet company, which was down 6.37%. China Ming Yang Wind Power (MYUS), a wind turbine manufacturer dropped 5.06%. Real estate Internet portal SouFun (SFUN) was down 3.52% and 58.com (WUBA), an online marketplace, was down 3.43%.

In South Asia, Rediff.com India (REDF), an Indian news, information and shopping web portal, was down 1.27%. ICICI Bank (IBN) was down 1.21% and Indian automotive manufacturing company Tata Motors (TTM) was down 0.92%.



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

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This article appears in: Investing , Commodities

Referenced Stocks: ATHM , BITA , YGE , HIMX , JKS

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