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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.

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





This article appears in: Investing , Stocks
Referenced Symbols: GSUM , ASX , ATV , QFIN , LX



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