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Asian ADRs Move Higher in Monday Trading


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American depositary receipts of Asian stocks were trading 0.73% lower at 171.09 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by IT company ChinaCache ( CCIH ), and online game publisher The9 ( NCTY ), which climbed 1.8% and 5.1% respectively. They were followed by consumer lending company Hexindai ( HX ), and oil company China National Offshore Oil ( CEO ), which rose 0.5% and 1.4%, respectively.

The decliners in North Asia were led by online retailer LightInTheBox ( LITB ), and Aurora Mobile (JG), a data collecting and analytics platform, which tumbled 12.8% and 11.7% respectively. They were followed by video-sharing service Bilibili (BILI), and online consumer finance marketplace PPDAI (PPDF), which fell 7.4% and 9.3%.

In South Asia, the gainers were led by IT companies Infosys (INFY) and SIFY Technologies (SIFY), which rose 1% and 0.2% respectively. They were followed by telecommunications provider PLDT (PHI), and WNS Holdings (WNS), a provider of business process management services, which were up 0.5% and 0.2%.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 4.6%, followed by ICICI Bank (IBN), HDFC Bank (HDB), and mining company Vedanta (VEDL), which lost 3%, 2.6%, and 1.8% 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: CCIH , NCTY , HX , CEO , LITB



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