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.

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This article appears in: Investing , Stocks
Referenced Symbols: SECO , JMU , PKX , YY , DQ

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