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Asian ADRs Flat in Monday Trading


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American depository receipts of Asian stocks were relatively flat, edging 0.01% higher at 135.58 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by China Digital TV Holding ( STV ), which surged 6.2%, followed by SPI Energy, which rose 5.9%. They were followed by AU Optronics ( AUO ), which makes thin film transistor liquid crystal displays, and online game developer Changyou.com ( CYOU ), increased 3.7% and 2.2%, respectively.

The only gainers in South Asia were direct-to-home video provider Videocon d2h ( VDTH ), and Indian automobile manufacturer Tata Motors ( TTM ), which were up 3.9% and 0.1%, respectively.

Indian natural resources company Vedanta (VEDL) led the decliners in South Asia, falling 4%, followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which lost 1.3%. They were followed by Indian IT firm Infosys (INFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 1.2% and 0.7%, respectively.

And in North Asia, the decliners were led by Yintech Investment (YIN), an online provider of spot commodity trading services in China, which fell 3.7%, and CNInsure (CISG), a Chinese financial services firm, which lost 3.2%. They were followed by aluminum producer Aluminum Corporation of China (ACH), and independent power producer Huaneng Power International (HNP), which moved 2.8% and 2.7%, respectively.

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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: AUO , CYOU , TTM



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