Asian ADRs Move Higher in Monday Trading

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American depositary receipts of Asian stocks were trading 1.88% higher at 162.37 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by casino and resort operator Melco Resorts & Entertainment ( MLCO ) and B2B platform JMU Limited ( JMU ), which surged 8.3% and 7.8% respectively. They were followed by human resources firm 51job ( JOBS ) and educational services provider New Oriental Education & Technology ( EDU ), which climbed 6.5% and 5.5%.

The decliners in North Asia were led by consumer lending company Hexindai ( HX ), which tumbled 19.2%, followed by IT company ChinaCache (CCIH), which lost 5.4%. Telecommunications operator China Mobile (CHL) and online game operator The9 (NCTY) fell 3.4% and 2.7%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN) and mining company Vedanta (VEDL), which rose 8.2% and 4% respectively. They were followed by IT company SIFY Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 2.3% and 1%.

Pharmaceutical company Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 1.9%, followed by HDFC Bank (HDB) and ICICI Bank (IBN), which were off 0.8% and 0.4% 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: MLCO , JMU , JOBS , EDU , HX

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