Asian ADRs Move Higher in Tuesday Trading

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American depositary receipts of Asian stocks were trading 0.01% higher at 187.44 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by educational services provider RISE ( REDU ), and Hanwha Q Cells ( HQCL ), a manufacturer of photovoltaic solar cells, which rose 4.7% and 3.5% respectively. They were followed by educational services providers RYB Education ( RYB ), and China Distance Education ( DL ), which were up 5.2% and 3.9%.

The decliners in North Asia were led by financial services provider Fanhua ( FANH ), and media company Phoenix New Media (FENG), which tumbled 15.2% and 13.6% respectively. They were followed by online direct sales provider LexinFintech (LX), and online cosmetic shopping platform Jumei (JMEI), which lost 6.5% and 3.9%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY), and satellite TV provider Videocon d2h (VDTH), which climbed 4.2% and 2.9% respectively. They were followed by natural resources company Vedanta (VEDL), and HDFC Bank (HDB), which were up 1.7% and 1.2%.

Digital entertainment company Sea Limited (SE), and telecommunications provider Telekomunikasi Indonesia (TLK) were the only decliners in South Asia, falling 2.4% and 1.9% respectively.

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: REDU , HQCL , RYB , DL , FANH

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