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Asian ADRs Move Lower in Monday Trading


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American depositary receipts of Asian stocks were trading 0.30% lower at 166.92 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by online car marketplace Cango ( CANG ), and consumer lending company China Rapid Finance ( XRF ), which rose 3.3% and 2.9% respectively. They were followed by educational services provider China Online Education ( COE ), and telecommunications operator China Telecom ( CHA ), which were up 2.4% and 1.9%.

The decliners in North Asia were led by healthcare company iKang Healthcare Group ( KANG ), which tumbled 13.5%, followed by Autohome (ATHM), a website for automobile consumers, which shed 8.9%. Online consumer finance marketplace PPDAI (PPDF), and semiconductor company United Microelectronics (UMC) fell 9.2% and 6% respectively.

In South Asia, the gainers were led by IT companies Wipro (WIT), and SIFY Technologies (SIFY), which climbed 1.5% and 1.2% respectively, followed by telecommunications operators PLDT (PHI), and Telekomunikasi Indonesia (TLK), which were up 1% and 0.5%.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 3.3%, followed by digital entertainment company Sea Limited (SE), which dropped 3.1%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and ICICI Bank (IBN) were off 2.6% and 0.5%.

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: CANG , XRF , COE , CHA ,



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