Asian ADRs Move Higher in Tuesday Trading

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American depository receipts of Asian stocks were trading 0.26% higher at 149.09 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by internet service provider Internet Initiative Japan ( IIJI ), which surged 8.7%, followed by China Digital TV Holding ( STV ), a provider of conditional access ( CA ) systems to China, which rose 4.6%. They were followed by solar park operator Sky Solar Holdings Ltd. ( SKYS ), and entertainment and electronics giant Sony ( SNE ), which were up 2.9% and 2.7% respectively.

The decliners in North Asia were led by online game developers Changyou.com (CYOU), and The9 (NCTY), which shed 6.2% and 4.4% respectively. They were followed by ChinaCache (CCIH), a provider of content delivery network and cloud computing, down 3%, and China Xiniya Fashion (XNY), a supplier of men's business casual apparel in China, which fell 2%.

In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), and WNS Holdings (WNS), a provider of business process management services, which dropped 2.2% and 1.5% respectively. They were followed by HDFC Bank (HDB), up 0.3%, and Indonesian telecommunications provider Telekomunikasi Indonesia (TLK), up 0.2%.

Direct-to-home video company Videocon d2h (VDTH) led the decliners in South Asia, falling 4.7%, followed by IT company Infosys (INFY), which was off 0.9%. Natural resources firm Vedanta (VEDL) was down 0.9%, while IT group Wipro (WIT) moved 0.5% lower.

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: IIJI , SKYS , SNE

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