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Asian ADRs Move Higher in Tuesday Trading


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American depository receipts of Asian stocks were 1.03% higher at 152.57 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, gainers were led by 111, Inc. ( YI ), and electronics and entertainment company Sony ( SNE ), which climbed 6.8% and 6% respectively. They were followed by online game publisher Gravity ( GRVY ), and technology company Xunlei ( XNET ), which were up 5.6% and 3.3%.

Decliners in North Asia were led by solar energy company ReneSola ( SOL ), and China New Borun (BORN), a producer of corn-based edible alcohol, which fell 10.4% and 9.3% respectively. They were followed by Autohome (ATHM), an online car marketplace, and financial holding company KB Financial Group (KB), which dropped 5.1% and 4.4%.

In South Asia, gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK), and IT company SIFY Technologies (SIFY), which climbed 6.2% and 5.5% respectively. They were followed by digital entertainment company Sea Limited (SE), and automaker Tata Motors (TTM), which rose 2.9% and 2.1%.

Telecommunications operator PLDT (PHI) led the decliners in South Asia, falling 0.8%, followed by WNS Holdings (WNS), a provider of business process management services, IT company Wipro (WIT), and HDFC Bank (HDB), which lost 0.4%, 0.2%, and 0.1% respectively.

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: YI , SNE , GRVY , XNET , SOL



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