Asian ADRs Move Higher in Monday Trading

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American depositary receipts of Asian stocks were trading 3.22% higher at 1,511.56 on the BNY Mellon Asia 50 ADR Index on Monday.

In North Asia, the gainers were led by software firm Gridsum ( GSUM ) and semiconductor company ASE Industrial Holding ( ASX ), which climbed 8% and 2.6% respectively. They were followed by branding and marketing firm Acorn ( ATV ), which rose 1.8%.

The decliners in North Asia were led by financial technology company 360 Finance ( QFIN ) and online direct sales provider LexinFintech ( LX ), which fell 6.6% and 4.1% respectively. They were followed by thin-film liquid display manufacturer LG Display (LPL) and internet company LINE Corp (LN), which lost 3.3% each.

In South Asia, there were no gainers.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 2.7%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), ICICI Bank (IBN), which dropped 2.1% each. HDFC Bank (HDB) was down 1.4%.

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: GSUM , ASX , ATV , QFIN , LX

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