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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: MLCO , JMU , JOBS , EDU , HX



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