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Asian ADRs Move Higher in Tuesday Trading


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American depositary receipts of Asian stocks were trading 1.05% higher at 161.11 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by financial services firm Nomura ( NMR ) and video sharing service iQIYI ( IQ ), which climbed 4% and 3.2% respectively. They were followed by Semiconductor company ASE Industrial Holding ( ASX ) and consumer lending company China Finance Online ( JRJC ), which rose 3.2% and 3.1%.

The decliners in North Asia were led by solar park operator Sky Solar Holdings Ltd. ( SKYS ) and educational services provider RYB Education (RYB), which fell 5.9% and 5.7% respectively. They were followed by AU Optronics (AUO) a maker of thin-film-transistor liquid-crystal display panels, and real estate internet portal Fang Holdings (SFUN), which dropped 4.8% and 1.4%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and automaker Tata Motors (TTM), which rose 3% and 1.5% respectively. They were followed by HDFC Bank (HDB) and business process management services provider WNS Holdings (WNS), which were up 1.3% and 0.7%.

Telecommunications operator Telekomunikasi Indonesia (TLK) was the lone decliner in South Asia, falling 2.6%.

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: NMR , IQ , ASX , JRJC , SKYS




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