Asian ADRs Move Lower in Monday Trading

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American depositary receipts of Asian stocks were trading 0.09% lower at 163.50 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by online game publisher The9 ( NCTY ), which surged 10.9%, followed by educational services provider New Oriental Education & Technology ( EDU ), which climbed 4.4%. Social network company Mogu Inc. ( MOGU ) and Fang Holdings ( SFUN ) were up 3.3% and 3.2% respectively.

The decliners in North Asia were led by software firm Gridsum ( GSUM ), and video sharing service iQIYI (IQ), which lost 16.3% and 5.5% respectively. They were followed by media company Phoenix New Media (FENG), which was off 4.3%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which rose 5.1% and 2.6% respectively. They were followed by IT company SIFY Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 2.2% and 0.6%.

Telecommunications operator PLDT (PHI), IT firm Wipro (WIT), and automaker Tata Motors (TTM) led the decliners in South Asia, falling 1.4%, followed by mining company Vedanta (VEDL), which was off 1.2%.

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: NCTY , EDU , MOGU , SFUN , GSUM

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