Asian ADRs Move Higher in Tuesday Trading

Shutterstock photo

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.

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

This article appears in: Investing , Stocks
Referenced Symbols: GSUM , ATV , ATAI , WB , NCTY

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?