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Asian ADRs Move Higher in Monday Trading


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American depositary receipts of Asian stocks were trading 0.38% higher at 159.90 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by Yintech Investment ( YIN ), an online provider of spot commodity trading services, and shopping app Pinduoduo ( PDD ), which rose 5.8% and 4.5% respectively. They were followed by beverage company China New Borun ( BORN ) and social media platform Weibo Corporation ( WB ), which were up 3.6% and 2.8%.

The decliners in North Asia were led by semiconductor foundry United Microelectronics ( UMC ), and display advertising company Airmedia (AMCN), which fell 4.4% and 4.2% respectively. Search engine Sogou (SOGO) dropped 1.3%.

In South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and HDFC Bank (HDB), which rose 1.9% and 1.2% respectively. They were followed by automaker Tata Motors (TTM) and digital entertainment company Sea Limited (SE), which were up 1.1% and 0.7%.

Pharmaceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 5%, followed by telecommunications operator PLDT (PHI) and biotech company ASLAN Pharmaceuticals (ASLN), which lost 2.3%, and 2.2%.

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: YIN , PDD , BORN , WB , UMC



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