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Asian ADRs Move Higher in Monday Trading


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American depositary receipts of Asian stocks were trading 1.43% higher at 183.96 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by Secoo ( SECO ), an online integrated platform company, and B2B platform JMU Limited ( JMU ), which rose 4.1% and 3.9% respectively. They were followed by Korean steel company POSCO ( PKX ), and social media platform YY Inc. ( YY ), which were up 2.9% and 2.6%.

The decliners in North Asia were led by polysilicon manufacturer Daqo New Energy ( DQ ), and online consumer finance marketplace PPDAI (PPDF), which tumbled 18.9% and 15.1% respectively. They were followed by solar equipment maker JinkoSolar (JKS), and hotel operator GreenTree Hospitality (GHG), which lost 14.5% and 6.1%.

In South Asia, the gainers were led by telecommunications provider Telekomunikasi Indonesia (TLK), and IT firm SIFY Technologies (SIFY), which increased 3.2% and 2.6% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), and telecommunications company PLDT (PHI), which were up 2.1% and 1.1%.

HDFC Bank (HDB) led the decliners in South Asia, falling 2.9%, followed by ICICI Bank (IBN), and automaker Tata Motors (TTM), which were of 0.6% each.

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: SECO , JMU , PKX , YY , DQ



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