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Asian ADRs Move Higher in Tuesday Trading


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American depositary receipts of Asian stocks were trading 0.90% higher at 154.51 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by software firm Gridsum ( GSUM ) and consumer lending company Hexindai (HX ), which climbed 12.2% and 7.5% respectively. They were followed by branding and marketing firm Acorn ( ATV ) and ATA ( ATAI ), a provider of computer-based testing services in China, which rose 3.3% and 3.2%.

The decliners in North Asia were led by social medial platform Weibo Corporation ( WB ) and online game developer The9 ( NCTY ), which fell 7.6% and 3.2% respectively. They were followed by educational services provider RISE (REDU), which lost 2.3%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN) and ICICI Bank (IBN), which rose 5% and 3% respectively. They were followed by automaker Tata Motors (TTM) and mining company Vedanta (VEDL), which were up 2.4% and 1.2%.

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 , ATV , ATAI , WB , NCTY



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